Tuesday, 11 March 2014

CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6039-6267.


Crude oil dropped on expectations of an increase in stockpiles in the world's biggest oil consumer as cold weather ebbed, reducing demand for heating

fuels.

U.S. crude stocks rose last week, while gasoline and distillate inventories decreased, data from industry group the American Petroleum Institute showed.

Today crude oil inventories: EXP: 2.1M PREV: 1.4M. Actual is at 8.00PM


Investors were eyeing OPEC's monthly supply-and-demand report, which will be followed by that of the IEA on Friday

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