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Thursday, 16 March 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 16 MARCH 2017


Crudeoil trading range for the day is 3119-3241.Crude oil gained after industry data showed a surprise drawdown in U.S. crude stockpiles.The U.S. Energy Information Administration said in its weekly report that crude oil inventories declined by 237,000 barrels in the week ended March 10.Global oil inventories rose for the first time in January as the market grappled with a swell in production last year.



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