CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6300 R1-6220 S1-6100 S2-6040
Crude oil recovered from lows as fighting in Ukraine and deteriorating relations between
Russia and US ignited new fears of supply disruptions.
Continued violence in Libya and Israel provided further support for oil prices.
In Libya, oil production has risen to 500,000 barrels per day, but there is no progress on reopening its Brega oil port.
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