EPIC RESEARCH MCX CRUDE OIL UPDATE OF 07 NOVEMBER 2017

Crudeoil trading range for the day is 3560-3770.Crude oil gained as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. In oil fundamentals, traders said that there were ongoing signs of tightening market conditions. U.S. energy companies cut eight oil rigs last week, to 729, in the biggest reduction since May 2016.



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