EPIC AGRI COMMODITY UPDATE:CRUDE OIL 13-march-2014
Posted: Wed Mar 12, 2014 10:49 pm
Crudeoil trading range for the day is 5868-6178.Crude prices dropped after data revealed U.S. stockpiles shot up last week, stoking concerns the U.S. economy remains awash in crude oil.The U.S. Energy Information Administration said in its weekly report earlier that U.S. crude oil inventories rose by 6.2 million barrels.Prices came under additional pressure on reports that the U.S. plans to release up to 5 mln barrels of oil from its Strategic Petroleum ReservesThe U.S.