Wednesday 29 November 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 NOVEMBER 2017

Crudeoil trading range for the day is 3679-3781. Crude oil dropped on uncertainty over the outcome of a key OPEC meeting this week due to decide on production policy for the next year.OPEC is heading for tougher-than-expected policy talks amid concern that its efforts to rebalance the oil market might overshoot by creating a global deficit. Russia said it was ready to support extending the output-cutting deal but had still to decide on the duration.

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