EPIC RESEARCH MCX CRUDE OIL UPDATE OF 13 JUNE 2016
Posted by Unknown on 11:23:00 with No comments
Crudeoil trading range for the day is
3239-3401.
Crude oil dropped after data showing the U.S. oil drilling rig count rising for a second week in row and a stronger dollar weighed on demand.
U.S. oil drillers added three oil rigs in the week to June 10, after a nine-rig rise in the previous week.
US oil drillers have been producing about 850,000 fewer barrels per day in recent weeks than this time a year ago, but output picked up modestly last week.
Crude oil dropped after data showing the U.S. oil drilling rig count rising for a second week in row and a stronger dollar weighed on demand.
U.S. oil drillers added three oil rigs in the week to June 10, after a nine-rig rise in the previous week.
US oil drillers have been producing about 850,000 fewer barrels per day in recent weeks than this time a year ago, but output picked up modestly last week.
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