EPIC AGRI COMMODITY UPDATE:CRUDE OIL

[epicresearch]

Crudeoil trading range for the day is 6094-6332.Crude oil declined after the International Monetary Fund cut its estimate for global economic growth in 2013.Traders continued to closely watch the political situation in Egypt and awaited US weekly inventory data. Energy Information Administration slightly tightened its 2014 oil demand outlook but left the balance of the year unchanged