EPIC AGRI COMMODITY UPDATE:CRUDE OIL

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epicresearch
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EPIC AGRI COMMODITY UPDATE:CRUDE OIL

Post by epicresearch » Mon Dec 02, 2013 11:20 pm

Crudeoil trading range for the day is 5747-5925.Crude oil rose after strong manufacturing data from China and the United States, the world's two biggest oil consumers.Oil prices found some extra support from evidence that the OPEC pumped less oil in November, mainly due to decreased production in Libya.Ongoing unrest in Libya pulled exports down to around 130,000 bpd, Deputy Oil Minister told more than 1.2 mbpd below pre-revolution supply levels

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