Sunday 20 April 2014

CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX CRUDE OIL




Crude oil trading range for the day is 6212-6356.
Crude oil settled up after Russian standoff over Ukraine heated up, which spooked markets with fears escalation could disrupt Russian oil shipments.
Prices found support from strong U.S. employment data, which showed new applications for unemployment benefits close to a 6-1/2-year low.

U.S. crude oil inventories jumped beyond expectations as stocks on Gulf Coast hit a record high due to a rise in imports.

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