CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5820 R1-5750 S1-5550 S2-5460
Crudeoil gained as support seen due to rupee weakness after prices seen under pressure on weak demand and ample supplies.
Investors cited expectations that U.S. crude stocks will rise in coming weeks during refinery maintenance season.
The IEA said weaker consumption in China and Europe had caused global oil demand growth to soften at a remarkable pace.
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