EPIC AGRI COMMODITY UPDATE:CRUDE OIL
Posted: Mon Jun 24, 2013 9:49 pm
Crudeoil trading range for the day is 5513-5817.
Crude oil prices recovered before news of flooding in Canada´s main oil producing province threatened US exports.
A dimming outlook for oil demand growth in China, the world's second-largest economy, weighed on prices.
Earlier this month, the IEA lowered its 2013 oil demand growth forecast for China to 3.8 percent from 3.9 percent.
Crude oil prices recovered before news of flooding in Canada´s main oil producing province threatened US exports.
A dimming outlook for oil demand growth in China, the world's second-largest economy, weighed on prices.
Earlier this month, the IEA lowered its 2013 oil demand growth forecast for China to 3.8 percent from 3.9 percent.