EPIC AGRI COMODITY MARKET UPDATE:CRUDE OIL

[epicresearch]

Crudeoil trading range for the day is 6168-6472.

Crude oil prices dropped after data showed US crude oil stockpiles rose more than expected last week as imports increased and refinery output fell

U.S. crude oil stockpiles rose more than expected last week as imports increased and refinery output fell, data from EIA showed

The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 1.4 million barrels


U.S. oil refiners are expected to take 1,608,000 barrels per day (bpd) of capacity offline in the week ending March 7, up from 1,412,000 bpd the previous week