EPIC AGRI COMMODITY UPDATE:CRUDE OIL
Posted: Sun Dec 29, 2013 11:22 pm
Crudeoil trading range for the day is 6130-6306.
Crude gained driven by the fourth straight weekly decline in oil inventories and also drew support from civil unrest in Africa that has cut off supplies.
EIA said that U.S. Crude Oil Inventories fell to a seasonally adjusted annual rate of -4.731M, from -2.941M in the preceding month.
US crude stocks fall even as output hits 1988 high -EIA
The American Petroleum Institute showed that crude stocks unexpectedly rose by 716,000 barrels last week
Crude gained driven by the fourth straight weekly decline in oil inventories and also drew support from civil unrest in Africa that has cut off supplies.
EIA said that U.S. Crude Oil Inventories fell to a seasonally adjusted annual rate of -4.731M, from -2.941M in the preceding month.
US crude stocks fall even as output hits 1988 high -EIA
The American Petroleum Institute showed that crude stocks unexpectedly rose by 716,000 barrels last week