EPIC RESEARCH AGRI COMMODITY MARKET UPDATE:CRUDE OIL
Posted: Tue Mar 04, 2014 3:59 am
Crudeoil trading range for the day is 6319-6643.Crude oil gained lifted by rising tension in Ukraine after Russian President Vladimir Putin declared he had the right to invade his neighbour.The European Union gets roughly a quarter of its gas supply from Russia, mostly piped through Ukraine.Russia exports around 5.5 million barrels of crude oil per day. The tensions come at a nervous time for markets as activity in China's factory sector slowed to an eight-month low in February.