Friday, 8 December 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 08 DECEMBER 2017

Crudeoil trading range for the day is 3584-3696. Crude oil prices settled higher as a threatened strike in Nigeria and growing Middle East political tensions stoked fears of supply disruptions.Data from the U.S. Energy Information Administration showed a big jump in U.S. fuel inventories while domestic production hit another weekly record. The latest EIA weekly data showed U.S. gasoline stocks rose by 6.8 million barrels, much higher than expectations.

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