CAPITAL STROKE UPDATE 19-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6350 S2-6280

Crude oil prices dropped after government numbers showed domestic crude inventories fell much less than an industry group had reported.

EIA showed U.S. crude oil inventories to have declined 0.58 million barrels in the week ended June 13

The situation in Iraq continues to be of concern with Islamic militants advancing towards Iraq's capital.

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