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Tuesday 27 September 2016

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 27 SEPTEMBER 2016


Crude oil trading range for the day is 2939-3161. Crude oil rallied on chance of OPEC action to support prices. Producers will gather in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest. Scepticism about a deal being reached in Algiers had prompted money managers to cut their bullish bets to a one-month low last week.
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