EPIC AGRI COMMODITY MARKET UPDATE: CRUDE OIL

[epicresearch]

Crudeoil trading range for the day is 6160-6310.Crude oil seen supported after a U.S. government report showed that oil supplies rose more-than-expected last week.The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 3.3 million barrelsWorld crude oil will rise to 1.26 million barrels per day in 2014 forecast by EIA, 50,000 barrels per day higher than its previous forecast.China's crude oil imports rose 11.9 percent in January from a year