Wednesday 9 April 2014

CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX CRUDE OIL









Crude oil trading range for the day is 6108-6306.
Crude oil rose as rising tension between Russia and Ukraine overshadowed the bearish impact of a steep rise in crude oil stockpiles in US.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 4.03 million barrels
OPEC is now expected to produce 36.15 mbpd of oil in 2014, 270,000 bpd more than the EIA's previous forecast in March.

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