Thursday 22 May 2014

CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014:: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6250 R1-6180 S1-6050 S2-5980

Crude oil gained after the government reported a large draw in commercial crude stocks, while renewed fighting in Libya that kept output low boosted prices.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories decreased by 7.2 million barrels


Libya's major western oilfields remain closed 10 days after the government said protesters blocking pipeline flows had agreed to leave.
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