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Thursday, 21 April 2016

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 21 APRIL 2016

Crudeoil trading range for the day is 2696-3038.              
Crude surged to fresh yearly highs as inventories rose less than industry expectation, support seen despite Kuwait oil workers ended their 3-day strike.          
The U.S. Energy Information Administration reported a 2.1 million-barrel climb in crude-oil supplies for the week ended April 15.             
Russia said it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed.

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