CAPITAL STROKE COMMODITY UPDATE 3 JULY 2014 :: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6360 R1-6300 S1-6180 S2-6120. Crude oil dropped on encouraging signs for supply from Libya and Iraq, despite a big draw in U.S. oil inventories. The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories declined by 3.2 million barrels. Tropical Storm Arthur threatened on the U.S. East Coast as officials ordered evacuations in anticipation of heavy rain.
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