Sunday 28 September 2014

CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 :: MCX CRUDE OIL



Crudeoil trading range for the day is 5632-5854.

Crude oil prices ended with gains on supportive economic data from the United States and concerns about the Middle East conflicts

Libya's output has reached 925,000 bpd, the highest since militias turned on each other after the overthrow of Muammar Gaddafi.

Saudi Arabia is likely to keep its oil output steady throughout the rest of the year as world oil consumption is expected to rise.

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