Tuesday, 22 April 2014

CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX CRUDE OIL




Crudeoil trading range for the day is 6136-6362.
Crude oil settled down on concerns that crude-oil supplies could exceed an all-time high, as domestic oil production keeps rising.
Expectations for gains in U.S. stockpiles overshadowed ongoing concerns over heightened tension in eastern Ukraine.
API showed Crude inventories rose by 519kbls to 388.7 million, compared with expectations for a increase of 2.3mbls.

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