EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 JANUARY 2018

Crudeoil trading range for the day is 4121-4263. Crude oil rallied as the dollar continued to weaken and crude inventories in the United States fell for a 10th straight week amid ongoing supply cutbacks by OPEC and top producer Russia. Russia's Novak: Oil demand exceeds surplus, even with shale growth Russia's Novak: Oil surplus is still being reduced on weekly basis.

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