Thursday, 27 October 2016

EPIC RESEARCH MCX CRUDEOIL UPDATE OF 27 Oct 2016

Crudeoil trading range for the day is 3233-3387.
Crude oil dropped as doubts over OPEC's ability to organize a coordinated production cut weighed on markets.
The U.S. Energy Information Administration (EIA) said domestic crude stockpiles fell 553,000 barrels last week.
The API said that crude inventories rose 4.8 million barrels last week, larger than expected, and following a 3.8 million draw the previous week.
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