Crude Oil Futures and Oil Supplies

Federal Reserve: Meanwhile, crude oil futures continued to be volatile across the global markets, according to Xinhua China. Brent crude futures recouped some losses in the Asian trading after worries about rising oil supplies in the U.S. sparked a selloff overnight. While market has priced in a near-zero-percent rate hike in April policy meeting, any small changes or a strong hawkish stance by Federal Reserve officials could catalyze volatility globally. Brent crude was trading near 45 U.S. dollars per barrel. Immediate resistance is seen at 2,930 points." Singapore benchmark Straits Times Index rose 5.62 points to 2,894.66 points. DBS Group Research said "we peg a range of 2,800 points to 2,965 points in the month ahead with support along the way at 2,860 points. (news.financializer.com). As reported in the news.