MTECHTIPS;-CRUDE OIL
U.S. crude oil futures steadied in early deals on Wednesday, clinging to most of its gains from the
prior session when upbeat housing and consumer confidence data buoyed the outlook for demand
from world's top oil user. U.S. crude for July delivery stood at $94.72 a barrel. Brent crude was at
$104.15 a barrel. The upbeat U.S. data also helped counter recent negative sentiment spurred by
indications of softer Chinese growth. Outlook : Rising tensions regarding Syria and the raising of
the arms embargo are bound to offer some support for the commodity.
WWW.MTECHTIPS.COM
07489294118-119
U.S. crude oil futures steadied in early deals on Wednesday, clinging to most of its gains from the
prior session when upbeat housing and consumer confidence data buoyed the outlook for demand
from world's top oil user. U.S. crude for July delivery stood at $94.72 a barrel. Brent crude was at
$104.15 a barrel. The upbeat U.S. data also helped counter recent negative sentiment spurred by
indications of softer Chinese growth. Outlook : Rising tensions regarding Syria and the raising of
the arms embargo are bound to offer some support for the commodity.
WWW.MTECHTIPS.COM
07489294118-119

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