EPIC AGRI COMMODITY UPDATE: CRUDE OIL

[epicresearch]

Crudeoil trading range for the day is 7169-7299.Crude gained on short covering after prices dropped as fears over supply disruptions in Middle East eased after Britain said it would not join any military action against Syria.U.S. Energy Information Administration said this month global supply disruptions reached 2.7 million bpd in July.Supply from the OPEC has averaged 30.32 million barrels per day, down from a revised 30.50 million bpd in JulyEIA also released a report saying global spare oil