Thursday 24 April 2014

CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014 : MCX CRUDE OIL






Crude oil trading range for the day is 6178-6304.
Crude oil gained as a vow by top oil producer Russia to respond if its interests in Ukraine came under attack stoked supply worries.
Global surplus production capacity, an important factor in world crude prices, averaged 2.1 million barrels per day in March and April

Crude inventories climbed by 3.5 million barrels in the week ending April 18, more than analyst expectations of a 2.3 million-barrel build.


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