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Monday 5 December 2016

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 5 DECEMBER 2016


Crudeoil trading range for the day is 3405-3559. Crude oil prices fell on profit booking after the biggest weekly rally since 2009 following OPEC's decision to cut crude output. Russia and other non-OPEC producer are set to meet with OPEC on Dec. 9. Russia said that its output in November rose slightly to 11.21 million barrels per day, a post-Soviet high.




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