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Tuesday 18 September 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 18 September 2018

Crudeoil trading range for the day is 4919-5087.

* Crude oil remained supported as investors renewed bets on a global crude supply shortage amid signs of falling demand for Iranian crude oil.

* OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces “headwinds,” the head of the organization said.

* Low crude prices hit the oil industry and starved it of investment, leaving continued cooperation among producers as they only way to maintain stability in markets.

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