04/02/2016
Crudeoil trading range for the day is 1979-2275.Crude oil prices rallied as the dollar weakened and traders ignored record US crude oil stockpiles.Energy Information Administration reported on Wednesday that crude inventories rose by 7.8 million barrels for the week ended Jan. 29.Crude seen support on speculation that an emergency OPEC meeting could be held addressing longstanding concerns related to excessive supply.Morgan Stanley also said that an emerging willingness of producers to forward hedge at prices not much above $40 per barrel was also capping prices.
http://ow.ly/SncWq