Friday 16 May 2014

CAPITAL STROKE COMMODITY UPDATE 16 MAY 2014: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6120 S1-6000 S2-5950
Crude oil dropped after a mixed bag of economic indicators and disappointing earnings clouded investors' views over the health of the U.S. economy.
While concerns about the crisis in Ukraine and a tightening global oil market continued to support the prices.

OPEC-member Libya's output was at 300,000 bpd with El Feel field at full capacity and Wafa field back at work after protests ended.
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