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EPIC CRUDE TREND FOR TODAY 10-MAY-2013

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EPIC CRUDE TREND FOR TODAY 10-MAY-2013 Empty EPIC CRUDE TREND FOR TODAY 10-MAY-2013

Post  Admin Fri May 10, 2013 4:17 pm

Crude trading range for the day is 5160-5274.
Crude oil gained due to rupee weakness as persistent dollar demand from oil and gold importers supported prices
EIA forecasts global oil markets will be well supplied this year and next due to slowing demand and rapid increases in output.
Saudi Arabia increased crude oil output by 160,000 barrels per day (bpd) to 9.3 million bpd in April.

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