EPIC RESEARCH MCX CRUDE OIL UPDATE OF 02 FEBRUARY 2018

Crudeoil trading range for the day is 4084-4268. Crude oil gained after a survey showed OPEC's commitment to its supply cuts remains in place, even as U.S. production topped 10 mbpd for the first time since 1970. OPEC's strong compliance with a supply reduction pact offset news that U.S. production topped 10 million barrels per day for the first time in nearly half a century. U.S. crude oil production in November surpassed 10 million barrels per day for the first time since 1970, and neared the all-time output record.

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