CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6380 R1-6300 S1-6150 S2-6070
Crude oil jumped after a Malaysian airliner crashed over eastern Ukraine on the heels of fresh U.S. sanctions on Russia that had raised geopolitical concerns.
Iraq expects oil exports to reach 2.6 million bpd this month and has expanded the capacity of its export facilities in the south to 3 million bpd.
Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure.
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