EPIC RESEARCH MCX CRUDE OIL UPDATE OF 17 APRIL 2018

Crude Oil trading range for the day is 4295-4413. Crude Oil dropped after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air strikes on Syria over the weekend. Kuwait says market conditions to determine any extension of OPEC – led cut deal. OPEC Sec-gen Says oil producers, companies must invest to meet future oil demand, compensate for annual decline rate.

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