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Thursday, 1 November 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 1 November 2018



Crudeoil trading range for the day is 4822-4994.

* Crude oil prices seen under pressure on evidence of rising global crude supply, but losses were limited by signs of strong U.S. demand for fuel.

* U.S. Energy Information Administration data showed crude oil inventories climbed for a sixth straight week.

* Oil production from Russia, the United States and Saudi Arabia reached 33 million barrels per day (bpd) for the first time in September, data showed.


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