Thursday, 10 August 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 10 AUGUST 2017

Crudeoil trading range for the day is 3099-3205.Crude oil gained after data from the U.S. Energy Information Administration showed domestic crude supplies fell more than expected last week. The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 6.5 million barrels in the week ended August 4.The OPEC, Russia and other producers are cutting output by about 1.8 million barrels per day from Jan. 1, 2017 until March 2018.



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