EPIC RESEARCH MCX CRUDE OIL UPDATE OF 27 SEPTEMBER 2017

Crude oil trading range for the day is 3341-3465.Crude oil dropped on profit booking ahead of weekly inventory data due Wednesday expected to show crude oil supplies rose for the fourth-straight week.The pipeline to Turkey’s port of Ceyhan usually pumps between 500,000 and 600,000 barrels per day (bpd).OPEC and non-OPEC producers confirmed the market was well on its way toward rebalancing, while oil inventories declined.

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