EPIC AGRI COMMODITY UPDATE:CRUDE OIL

[epicresearch]

Crudeoil trading range for the day is 6360-6664.Crude oil gained as upbeat economic data from China and Europe pointed to a stronger demand outlook and unrest in Libya and Iraq disrupted supplies.OPEC crude output hit a four-month low in July as unrest and conflict in Libya and Iraq disrupted suppliesLending further support, oil inventories at Cushing, Oklahoma fell for fifth straight week, data showed, although overall stocks increased.