Thursday, September 26, 2013

EPIC AGRI COMMODITY UPDATE:CRUDE OIL


Crudeoil trading range for the day is 6341-6601.
Crude oil dropped after data showed that U.S. oil supplies rose unexpectedly last week, while markets continued to monitor developments in the Middle East.
The oil market has enough supply and prices are at a favourable level, Saudi Arabia's oil minister said
The Energy Information Administration said that crude oil stockpiles rose by 2.63 million barrels
The American Petroleum Institute, an industry group, said that U.S. crude inventories fell by 540,000 million last week

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