EPIC RESEARCH MCX CRUDE OIL UPDATE OF 26 DECEMBER 2017

Crudeoil trading range for the day is 3696-3766. Crude oil traded in range on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual. Crude volumes declined rapidly as traders closed positions ahead of the upcoming Christmas and New Year break. EIA figures showed U.S. oil production at 9.79 million barrels a day, while exports reached 1.86 million barrels a day, near record highs.

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