Thursday 13 March 2014

CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX CRUDE OIL

Crudeoil trading range for the day is 5943-6077.

Crude oil gained on worries about disruption of supply prompted by the stand-off between Russia and Western powers over
Ukraine.

Implied oil demand in China fell 3.1 percent in the January-February period from a year earlier to roughly 9.98 million barrels

per day.

In the first test sale of crude from its emergency oil stockpile since 1990, the United States is offering a modest 5 million

barrels


Worries that escalation of the dispute could lead to disruption of supplies of oil from Russia, have underpinned prices.


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