EPIC AGRI COMODITY MARKET UPDATE:CRUDE OIL 05-03-2014

[epicresearch]

Crudeoil trading range for the day is 6291-6581.Crude oil dropped on comments from President Vladimir Putin that eased concerns Russia would escalate its military intervention in Ukraine's Crimea peninsula. Imports of Russian oil are so crucial for Europe that it is unlikely sanctions will be imposedToday crude oil inventories: EXP: 0.9M PREV: 1.0M. Actual is at 9.00PMU.S. commercial crude oil inventories rose by 1.2 million barrels last week, in line with expectations, inventory data by API showed