Thursday 20 October 2016

EPIC RESEARCH MCX CRUDEOIL UPDATE OF 20 Oct 2016

Crudeoil trading range for the day is 3343-3555.
Crude oil gained after the U.S. EIA reported an unexpectedly large U.S. oil inventory drawdown last week.
Crude oil inventories fell by 5.2 million barrels last week, the EIA said.
Saudi Arabian Energy Minister Khalid al-Falih said that oil markets were at the end of a considerable downturn as fundamentals were improving.


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