Thursday 14 March 2019

EPIC RESEARCH MCX Crudeoil UPDATE OF 14 March 2019

11:23:00

Crudeoil trading range for the day is 3942-4102.

Crude oil prices gained pushed up by ongoing supply cuts from producer cartel OPEC and U.S. sanctions against Iran and Venezuela.

Markets have been further tightened by the implementation of U.S. sanctions against oil exports from OPEC-members Iran and Venezuela.

Crude oil prices gained pushed up by ongoing supply cuts from producer cartel OPEC and U.S. sanctions against Iran and Venezuela.

U.S. crude oil production is expected to average about 12.30 million bpd in 2019, the U.S. Energy Information Administration (EIA) said.

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