EPIC RESEARCH MCX CRUDE OIL UPDATE OF 09 AUGUST 2017

Crudeoil trading range for the day is 3082-3208. Crude oil dropped following a recovery in output at Libya's largest oil field and as doubts about OPEC-led production cuts continue to weigh on the market.Production from Libya's 270,000 barrels-per-day (bpd) Sharara field was returning to normal. Libya was exempted from a push to cut global production and bolster oil prices led by the OPEC and other big producers like Russia.



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