EPIC RESEARCH MCX CRUDE OIL UPDATE OF 12 APRIL 2016

Crudeoil trading range for the day is 2567-2757.              
Crude oil gained in a rally fueled by strong markets, ahead of a meeting of oil producers in Doha next Sunday aimed at freezing current output levels.
Iraq increased crude output to a record level in March, ahead of a meeting in Qatar of OPEC members and other producers on capping production to curb a global glut.
The OPEC and other major producers such as Russia are set to meet in the Qatari capital Doha on April 17 to decide on a possible freeze in crude output.
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