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Wednesday 27 February 2019

EPIC RESEARCH MCX Crudeoil UPDATE OF 27 February 2019

Crudeoil trading range for the day is 3891-4025.

* Crude oil gained as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump.

* The United States, the world’s biggest oil consumer, was keen to counter a recent rally in prices driven by major exporters trimming production.

* President Trump expressed concern about oil prices and repeated his previous calls on the OPEC to keep prices steady.

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