Thursday, May 16, 2013

EPIC AGRI COMMODITY UPDATE:CRUDE OIL


Crude trading range for the day is 5015-5259.
Crude oil dropped after a slew of disappointing economic indicators in Europe and the U.S. dampened spirits
Data showing euro zone was in its longest recession ever and an increase in U.S. refined products inventories had sparked an early selloff.
U.S. EIA said in its weekly oil and gasoline stockpile data earlier that crude oil stocks fell by 624,000 barrels last week

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