Tuesday, 13 June 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 13 JUNE 2017

Crudeoil trading range for the day is 2913-3053. Crude oil gained lifted by statements that OPEC-leader Saudi Arabia was making significant supply cuts to customers. A drawdown in crude oil inventories will accelerate in the next three to four months, Saudi Energy Minister Khalid Al-Falih said. The Saudi energy minister said: “There is no evidence a pact by global oil producers to curb output.

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