EPIC RESEARCH MCX CRUDE OIL UPDATE OF 30 JANUARY 2018

Crudeoil trading range for the day is 4068-4326.Crude oil prices settled lower pressured by a strengthening dollar and rising U.S. crude output. The cuts in supplies have coincided with strong demand on the back of healthy global economic growth. U.S. crude production has grown by over 17 percent since mid-2016 to 9.88 million barrels per day (bpd) in mid-January.

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