EPIC RESEARCH MCX CRUDE OIL UPDATE OF 9 APRIL 2018

Crude oil trading range for the day is 3943-4173. Crude oil dropped weighed down by rising trade tensions between U.S. and China and data that showed an increase in U.S. rigs drilling for crude. Russia's Energy Minister Alexander Novak says expects oil output, exports flat in 2018. Saudi Arabia, the de facto leader of the oil cartel, has said production cuts could be extended in one form or another.

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