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Monday, 17 December 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 17 December 2018

Crudeoil trading range for the day is 3595-3847.

* Crude oil dropped weighed down by falling U.S. stock markets, while weak economic data from China pointed to lower fuel demand.

* The IEA gave oil bulls some hope by forecasting a supply deficit in the second quarter of next year.

* The shutdown of Libya's El Sharara oilfield has not affected the El-Feel field, which uses the same power supply.

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