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Nymex crude oil prices gained 0.9 percent stake land yesterday taking cues from Tropical Storm Isaac striking south-east coast of Louisiana as well as weakness in the DX. In general, 93 percent of oil production in the Gulf of Mexico halted and 67 percent of gas output as a storm moving stake land closer to production

stake land units. Also, a fire broke out again in Amuay refinery in Venezuela, which is the second largest in the world also helped to head for the price.
As for the American Petroleum Institute (API) reported last night, U.S. crude oil inventories unexpectedly stake land rose by 5.5 million barrels to 366.51 million stake land barrels for the week ended August 24, 2012. Gasoline inventories fell by 2.4 million barrels to 204.12 million barrels and distillate list when you get to 1.4 million barrels to 126.49 million barrels for the week.
U.S. Department of Energy stake land (EIA) is scheduled to release its weekly report listing today at 08:00 pm and IST U.S. crude oil list is expected to decline by 1.5 million barrels for the week ended August 24, 2012. Gasoline stocks stake land are expected to decline by 1.4 million barrels where the list distillate are expected to drop by 0.1 million stake land barrels stake land for the period. Outlook
We expect crude oil prices stake land to trade with a note range bound trade today on the back of mixed emotions international stake land market, stake land with rangebound movement in the DX with the increase in list of U.S. crude oil from the API. While on the other hand, a refinery shutdown in the world's second largest and forecast decline in U.S. crude oil list will help head for the price.
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