CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6360 S2-6280
Crude oil gained amid fears the ongoing violence in Iraq could disrupt oil supplies from the region
U.S. crude inventories unexpectedly grew by 1.7 million barrels last week to 388.1 million barrels, data from the EIA showed.
OPEC is ready to pump extra oil in the event of any supply disruptions caused by Iraq and Saudi Arabia, can ramp up to capacity if needed
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