EPIC RESEARCH MCX CRUDE OIL UPDATE OF 12 JANUARY 2017

Crudeoil trading range for the day is 3436-3674. Crude oil rose boosted as the U.S. dollar weakened and on news that Saudi Arabia had cut exports to Asia. EIA said U.S. crude inventories increased by 4.1 million barrels last week. U.S. crude production was projected to rise by 110,000 barrels per day in 2017 to 9 million bpd, according to EIA data.

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