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Wednesday, 28 November 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 28 November 2018


Crudeoil trading range for the day is 3502-3790.

* Crude oil slipped pulled down by record Saudi Arabian production even as OPEC's top producer pushes for supply cuts ahead of the group's meeting in Austria next week.

* Saudi Arabia raised oil production to an all-time high in November, pumping 11.1 million to 11.3 million barrels per day (bpd) during the month.

* Saudi Arabia has been pushing for an OPEC cut, indicating it may reduce supply by 500,000 bpd. -


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