Sunday 6 April 2014

CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX CRUDE OIL



Crude oil trading range for the day is 6024-6142.
Crude oil gained as data showed strong jobs growth in US and as investors cast doubt on reports Libya's oil ports were about to reopen.
The restart of Libya's eastern oil ports could release about 600,000 bpd of crude, bumping up OPEC producer's output from around 150,000 bpd.
Previous reports of the reopening of ports have proven false and investors suspected there will again be no breakthrough.


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