TODAY EPIC AGRI COMMODITY UPDATE: CRUDE OIL
Posted: Sun Jan 05, 2014 10:57 pm
Crudeoil trading range for the day is 5809-6043.Crude oil dropped as the market braced for rising Libyan output, while soft Chinese service-sector data softened demand.The U.S. EIA reported in its weekly report that U.S. crude oil inventories fell by 7.01 million barrels in the week last weekExpectations for increased exports from South Sudan also nudged prices lower. Libyan oil operations faced glitches in the recent past due to protesters disrupting production at various oilfields.