EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 DECEMBER 2017

Crudeoil trading range for the day is 3780-3862.Crude oil prices seen supported lifted by strong data from top importer China amid thin trading activity ahead of the New Year weekend. Pipeline outages in Libya and the North Sea have also been supporting oil prices. Market conditions were relatively tight due to ongoing supply cuts led by the Middle East-dominated OPEC, as well as top producer Russia.






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