Crudeoil trading range for the day is 6421-6701.
Crude oil dropped as higher crude output from Iraq and a possible thaw in U.S.-Iran relations boosted the supply outlook.
Iraq, a key OPEC producer, said it boosted output from its southern oilfields after repairing a leaking pipeline.
Reports that Libyan oil production is on the rise after protesters reopened access to facilities also added to the selling pressure
Uncertainty over the future of the Federal Reserve’s stimulus program also weighed.
Visit Here
http://www.epicresearch.co/
GET FREE TRIAL +91 731 6642300
No comments:
Post a Comment
Note: only a member of this blog may post a comment.