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 » Thu Dec 26, 2013 10:50 pm

Crudeoil trading range for the day is 6163-6221.Crude oil gained boosted by demand for refined products after industry data earlier this week showed a steep decline in gasoline and distillate inventories.Supply outages in Africa are also in focus and added some geopolitical risk premium to prices. Today crude oil inventories: EXP: -1.9M PREV: -2.9M. Actual is at 9.30PMExport terminals remain closed in Libya, where output was at 250,000 barrels per day, down from 1.4 million bpd in July.

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