EPIC RESEARCH MCX CRUDE OIL UPDATE OF 05 FEBRUARY 2018

Crude Oil trading range for the day is 4085-4299.Crude oil dropped as the dollar surged following strong U.S. jobs numbers, though compliance with output cuts kept downside limited.Production by the OPEC rose in January from an eight-month low as higher output from Nigeria and Saudi Arabia offset a further decline in Venezuela.OPEC pumped 32.4 million barrels per day (bpd) in January, the survey found, up 100,000 bpd from December.

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