Sunday, 27 April 2014

MCX Crude Oil may witness lower level buying 6100-6170 range

Crude oil may witness lower level buying. Overall it can move in range of 6100-6170 in MCX. 

Brent rebounded from its biggest loss in almost three weeks as the U.S. said it will impose more sanctions on Russia, the world’s biggest energy exporter, as the Ukraine crisis escalates. 

Representatives of the 28 European Union nations will meet today to widen a list of people subject to asset freezes and travel bans, an official from the bloc said over the weekend. 

The sanctions will target 15 Russians in positions of power, another diplomat said. Both asked not to be identified because of the sensitivity of the matter. Natural gas may trade in range of 282-292 in MCX.

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