Crude oil prices ended lower recording their first quarterly loss since 2008, as concerns over a global economic recovery remained unabated, overshadowing data that showed a bigger-than-expected weekly decline in US crude inventories. In its weekly update the US Energy Department's Information Administration said crude stockpiles fell 2 million barrels in the week ended June 25.Hurricane Alex, the first June Atlantic hurricane since 1995, is prompting oil and gas companies in the Gulf of Mexico to evacuate offshore workers and prepare for possible storm surges that may disrupt production at coastal refineries. Now support for the crude is seen at 3476 and below could see a test of 3430. Resistance is now likely to be seen at 3575, a move above could see prices testing 3628.

Trading Ideas:

Crude trading range is 3430-3628.

Crude oil falls after report shows surprise gain in U.S. gasoline supplies

Crude oil is taking support at 3498 and resistance at 3552 level

US Energy Department's said crude stockpiles fell 2 million barrels

SELL CRUDE JULY @ 3530-3540 SL 3562 TGT 3508-3482-3560.MCX