EPIC AGRI COMMODITY UPDATE: CRUDE OIL
Posted: Mon Jun 10, 2013 9:48 pm
Crudeoil trading range for the day is 5492-5630.Crude oil gains with geopolitical supply risk lending some support to prices but weak demand in China setting the overall market tone.Prices also drew support from concerns about Sudan cutting oil exports from South Sudan.OPEC has little room to pump more due to a U.S. oil boom that has sparked competition for market share in Asia