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Monday, 11 April 2016

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 11 APRIL 2016

Crudeoil trading range for the day is 2423-2757.              
Crude oil gained as drawdowns in U.S. crude stockpiles fed hopes that a punishing global oversupply may be approaching a tipping point after nearly two years. 
Russia's energy minister expressed hopes that producer nations could agree to an output freeze at a meeting in Doha.              
Oil exports from Iraq's southern ports have risen to about 3.49 million bpd in average in April, more than 3.29 million bpd recorded in March.

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