EPIC RESEARCH MCX CRUDE OIL UPDATE OF 01 NOVEMBER 2017

Crudeoil trading range for the day is 3483-3557.Crude oil prices rose as OPEC has significantly improved compliance with its pledged supply cuts and Russia is also seen keeping to the deal. Iraq's move to increase oil exports from its southern ports by 220,000 bpd to 3.45 mbpd to make up for supply disruptions from its northern Kirkuk fields. Japan's crude oil imports in September fell 2 percent from a year earlier to 15.12 million kilolitres (3.17 million barrels per day), the data showed.

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