EPIC AGRI COMMODITY UPDATE: CRUDE OIL

[epicresearch]

Crudeoil trading range for the day is 6012-6208.Crude oil turned lower as investors kept dumping risky assets on worries about weaker growth in emerging markets.Oil prices were slightly higher earlier as markets stabilized following a broad based selloff in stocks and emerging market currencies on FridayU.S. crude prices remained underpinned by the freezing conditions across Canada and the United StatesTighter credit conditions in China are also raising fears of a slowdown.