Monday, 22 May 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 MAY 2017

Crudeoil trading range for the day is 3228-3316. Crude oil prices gained on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude. Crude oil exports from Saudi Arabia rose by 275,000 barrels a day in March from February and stockpiles rose, official data showed. Still, there are signs that Saudi Arabia, OPEC's largest producer, is keeping markets well supplied.

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