CrudeOil

Crude trading range for the day is 4728-4808.Crude ended with gains as supply worries stoked by Irans threat to block a key shipping laneIrans drafted a bill proposing to block the Strait of Hormuz for oil tankers in response to a EU oil embargo.Today crude oil inventories: EXP: -1.6M PREV: -0.1M. Actual is at 8.30PMCrude is holding with a support at 4728 and resistance will be likely at 4808.