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Tuesday, 25 July 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 25 JULY 2017

Crudeoil trading range for the day is 2912-3046. Crude oil gained after Saudi Arabia pledged to make deep cuts to its crude exports in August in an effort to ease a global supply glut. Saudi Energy Minister Khalid al-Falih said there would be no discussion of deeper oil output cuts at a meeting of ministers from OPEC and non-OPEC nations. Ministers from countries including Kuwait, Venezuela, Algeria, Saudi Arabia, Russia and Oman will discuss production caps on Nigeria and Libya, Falih told.

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