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EPIC CRUDE OIL TREND FOR TODAY 7-JUNE-2013

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EPIC CRUDE OIL TREND FOR TODAY 7-JUNE-2013 Empty EPIC CRUDE OIL TREND FOR TODAY 7-JUNE-2013

Post  Admin Fri Jun 07, 2013 2:23 pm

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.

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