EPIC RESEARCH MCX CRUDE OIL UPDATE OF 11 DECEMBER 2017

Crudeoil trading range for the day is 3609-3765. Crude oil prices edged up helped by rising Chinese crude demand and threats of a strike in Africa's largest oil exporter.China's crude oil imports rose to 37.04 million tonnes in November, or 9.01 million barrels per day, the second highest on record. The EIA reported a rise in US output by 25 thousand bpd, the seventh weekly rise in a row, to a total of 9.71 million bpd, a record high.



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