Thursday 11 September 2014

CAPITAL STROKE UPDATE 11-September-2014 : MCX CRUDE OIL



CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5720 R1-5650 S1-5520 S2-5450
Crude fell on rising supply and tepid demand as OPEC lowered projected demand for its crude and data showed U.S. refined product stocks jumped.

The U.S. Energy Information Administration said in its weekly report that U.S. crude inventories declined by 1.0 million barrels.

Total production from members of the OPEC rose last month despite Saudi Arabia saying it had cut output.

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