EPIC AGRI COMMODITY UPDATE: CRUDE OIL

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epicresearch
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EPIC AGRI COMMODITY UPDATE: CRUDE OIL

Post by epicresearch » Thu Oct 31, 2013 12:06 am

Crudeoil trading range for the day is 5872-6092.Crude oil came under heavy selling pressure after a government report showed that U.S. oil supplies rose more-than-expected last week.U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 4.1 million barrelsExports from the OPEC producer have fallen to around 90,000 bpd from the two offshore oil platforms or less than 10 percent of its 1.25 million bpd capacity.

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