Wednesday 29 October 2014

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


Crude oil trading range for the day is 4918-5062. Crude oil prices ended with gains as support seen amid short covering supported by a rally in equities and a fall in the U.S. dollar. Despite disruption in producers such as Libya and Iraq, global oil supply remains high.The meeting of the OPEC next month in Vienna is shaping up to be one of the most important in years.
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