Wednesday 11 June 2014

CAPITAL STROKE UPDATE 11-June-2014 : MCX CRUDE OIL



CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6320 R1-6250 S1-6100 S2-6030
Crude oil dropped as investors jumped to the sidelines to await the release of industry and official weekly stockpile reports.
Oil exports from Libya have dropped to a trickle in recent months, removing as much as 1.4 million barrels per day (bpd) of high-quality.

Traders were looking ahead to meeting of OPEC in Vienna, amid expectations the organization will maintain its production quota at 30 million.

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