EPIC AGRI COMMODITY UPDATE:CRUDE OIL
Posted: Mon Jun 03, 2013 11:12 pm
Crude trading range for the day is 5236-5344.Crude oil gains on the back of weak U.S. economic data that sent the dollar plunging and lifted oil prices.A supply outage in North Sea crude oil also helped maintain higher Brent crude oil prices earlier in the day.Weak U.S. manufacturing data, that showed activity contracted in May to a four-year low, crushed the U.S. dollar and supported oil prices.