EPIC CRUDE OIL TREND FOR TODAY 7-JUNE-2013
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EPIC CRUDE OIL TREND FOR TODAY 7-JUNE-2013
Crudeoil trading range for the day is 5300-5484.
Crude oil gained after European Central Bank President Mario Draghi said the region’s economy will recover next year.
Support also seen after the news that the Britain´s largest oilfield was shut down for the second time in less than a week.
Inventories shrank as imports tumbled, while gasoline stocks along the East Coast fell at the start of the driving season.
U.S. crude oil inventories remain close to an all-time high and stocks elsewhere are also plentiful at a time of ample supply.
mcx tips
mcx tips
Crude oil gained after European Central Bank President Mario Draghi said the region’s economy will recover next year.
Support also seen after the news that the Britain´s largest oilfield was shut down for the second time in less than a week.
Inventories shrank as imports tumbled, while gasoline stocks along the East Coast fell at the start of the driving season.
U.S. crude oil inventories remain close to an all-time high and stocks elsewhere are also plentiful at a time of ample supply.
mcx tips
mcx tips
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