CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6600 R1-6520 S1-6380 S2-6300
Crude oil rose as a bloody Iraq insurgency continued to stoke fears shipments from the oil-rich country will be affected.
Iraq produced approximately 3.5 million barrels a day of oil last month, making it OPEC’s second-biggest oil producer.
World oil demand is expected to increase by 1.14 mb/d in 2014, in line with the previous month’s forecast.
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