ZOID RESEARCH 26-SEP-2014 : CRUDE OIL

U.S. oil futures steadied above $92 a barrel on Friday and were heading for a modest gain for a second week in a row on falling U.S. crude stocks, but investors were keeping an eye on the firmer dollar which has weighed on both commodities and equities. Libya's crude output has reached 925,000 barrels per day, adding to growing global supplies. Top oil exporter Saudi Arabia is likely to keep its output steady throughout the rest of the year as world consumption is expected to rise and domestic demand for crude eases during the winter. Time is running out for India's aging state-run oil refineries as the new government of Prime Minister Narendra Modi looks set to free up diesel prices and open the gates to private sector competition. Crude oil can move in range to down for the day.

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