TODAY EPIC AGRI COMMODITY UPDATE:CRUDE OIL

[epicresearch]

Crudeoil trading range for the day is 5887-6087.Crude oil gained as investors took heart from a stronger oil demand outlook this year due to accelerating economic growth in industrialised countries.IEA increased its estimate for 2014 oil demand to 18.9 billion bpd, saying it would outweigh supply growthToday crude oil inventories: EXP: 0.7M PREV: -7.7M. Actual is at 9.30PMChina's December crude oil imports from Iran were 2.16 million tonnes, down 14.5 percent from the same month last year