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EPIC AGRI COMMODITY UPDATE:CRUDE OIL
Posted: Fri Mar 07, 2014 1:29 am
by epicresearch
Crudeoil trading range for the day is 6011-6317.Crude oil prices dropped on selling pressure prompted by easing geopolitical risk over the crisis in Ukraine and U.S. data suggesting weaker oil demand.Adding to negative sentiment in oil markets, U.S. private employers added fewer workers than forecast in FebruaryU.S. crude oil stockpiles rose more than expected last week as imports increased and refinery output fell
Re: EPIC AGRI COMMODITY UPDATE:CRUDE OIL 12-march-2014
Posted: Tue Mar 11, 2014 11:17 pm
by epicresearch
Crudeoil trading range for the day is 6039-6267.Crude oil dropped on expectations of an increase in stockpiles in the world's biggest oil consumer as cold weather ebbed, reducing demand for heating fuels.U.S. crude stocks rose last week, while gasoline and distillate inventories decreased, data from industry group the American Petroleum Institute showed.Today crude oil inventories: EXP: 2.1M PREV: 1.4M. Actual is at 8.00PMInvestors were eyeing OPEC's monthly supply-and-demand report