Friday, 24 November 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 24 NOVEMBER 2017

Crudeoil trading range for the day is 3709-3859.Crude oil gains as the shutdown of the Keystone pipeline and a drawdown in fuel inventories continued to bolster markets despite worries over rising output. Prices also found support from a drawdown in commercial fuel inventories in the United States. The inventory drop came as the Keystone pipeline connecting Canada's Alberta oilfields to the United States was shut last week after an oil spill in South Dakota.

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