Monday, 3 July 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 03 JULY 2017

Crudeoil trading range for the day is 2907-3003. Crude oil gained as data showed the number of active U.S. drilling rigs declined for the first time since January. Barker Hughes reported its weekly U.S. rig count fell by 2 to a total of 756, ending a trend that has seen the number of U.S. rigs increase since for six-straight months.U.S. crude production fell for the first time this year in April, reining in exuberance over rapidly growing domestic output.

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