EPIC AGRI COMMODITY UPDATE:CRUDE OIL
Posted: Wed Jan 08, 2014 10:41 pm
Crudeoil trading range for the day is 5717-5909.Crude oil dropped after official data revealed the country's gasoline and distillates stockpiles rose, while falling crude inventories cushioned losses somewhat.The U.S. EIA said in its weekly report that U.S. crude oil inventories fell by 2.68 million barrelsWhile Libyan officials say production could recover to nearly 600,000 barrels per day (bpd) this week.Libya's oil exports have fallen from more than 1 million bpd in July,