Monday, October 21, 2013

EPIC AGRI COMMODITY UPDATE:CRUDE OIL





Crudeoil trading range for the day is 6103-6279.
Crude gained as investors turned to this week's U.S. data amid growing concerns over consequences of the two-week U.S. government shutdown.
Oil prices found support after official data showed that China gross domestic product grew by 7.8% in the third quarter
Today crude oil inventories: EXP: 3.4M PREV: 6.8M. Actual is at 8.00PM
Implied oil demand in China posted its first yearly decline in 17 months in September as refiners cut crude runs and carried out maintenance

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