EPIC RESEARCH MCX CRUDE OIL UPDATE OF 11 JULY 2018

Crude oil trading range for the day is 5016-5160. Crude oil prices gained as hundreds of oil workers in Norway were set to strike later in the day, raising concerns of potential supply shortages. United Araba Emirates Energy Minister Suhail Al Mazrouei said the OPEC and its allies are “doing what they could” to offset crude output shortfalls. Suncor Energy said its Syncrude oil sands project in Canada would resume some production in July, sooner than expected, and hit full capacity in September.

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