Tuesday 15 April 2014

CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX CRUDE OIL







Crudeoil trading range for the day is 6231-6319.
Crude oil ended with small losses as expectations for rising production added to estimates of increased stockpiles.
OPEC lowered the expected demand for its crude oil in 2014 and ended a run of upward revisions to global consumption growth.
In a monthly report, OPEC forecast demand for its crude oil in 2014 would average 29.65 million bpd, down 50,000 bpd from the previous estimate.

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