Tuesday, 8 August 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 08 AUGUST 2017

Crudeoil trading range for the day is 3082-3190. Crude oil dropped as worries lingered over high production from OPEC and the United States. OPEC and some non-OPEC producers, including Russia, have agreed since the start of the year to slash 1.8 million barrels per day in supply until March 2018. U.S. drillers cut one oil rig in the week to Aug. 4, bringing the total count down to 765, energy services firm Baker Hughes said.

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