EPIC AGRI COMMODITY UPDATE:CRUDE OIL

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epicresearch
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Joined: Tue May 22, 2012 1:40 am

EPIC AGRI COMMODITY UPDATE:CRUDE OIL

Post by epicresearch » Mon May 27, 2013 2:18 am

Crude trading range for the day is 5179-5319.Crude gains as traders exited short positions but pressure seen due to ample supply and a sluggish economic recovery that could dent demand for fuel.Investors are looking for a rebound in China's economic growth in the second half of the year that could lift the outlook for fuel demand.Iraqi oil exports averaged 2.6 million barrels per day (bpd) in May, steady from the previous monthCrude is holding with a support at 5179 and resistance

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