EPIC RESEARCH MCX CRUDE OIL UPDATE OF 06 NOVEMBER 2017

Crudeoil trading range for the day is 3496-3630. Crude oil prices settled higher on the back of data showing signs of U.S. production tightening as US oil rig counts fell to a nearly six-month low. The number of oil rigs operating in the US fell by eight to 729, declining for the fourth week in five .Russia said the deal, due to expire in March, could be extended but a decision was not imminent.



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