EPIC RESEARCH MCX CRUDE OIL UPDATE OF 25 OCTOBER 2016

Crude oil trading range for the day is 3284-3452.
Crude oil dropped on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts.
OPEC plans to reduce production to a range of 32.50 million to 33.0 mln bpd, down from 33.39 million bpd in September.
Iraq said that its oil production stood at 4.774 million bpd, with exports standing at 3.87 million bpd.
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