Crudeoil trading range for the day is 5904-6082.
Crude oil dropped as ample global supplies outweighed concerns over continued tensions between Russia and the West over the fate of Crimea.
IEA said a surge in supply from Iraq and other oil producers should be more than sufficient to meet growing demand this year.
The IEA said Iraq's oil output surged by 530,000 barrels per day in February to 3.62 million bpd, the highest since 1979.
Slowing Chinese economic growth has raised concerns over oil demand in the world's second largest consumer.
For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/
Crude oil dropped as ample global supplies outweighed concerns over continued tensions between Russia and the West over the fate of Crimea.
IEA said a surge in supply from Iraq and other oil producers should be more than sufficient to meet growing demand this year.
The IEA said Iraq's oil output surged by 530,000 barrels per day in February to 3.62 million bpd, the highest since 1979.
Slowing Chinese economic growth has raised concerns over oil demand in the world's second largest consumer.
For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/
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