EPIC RESEARCH MCX CRUDE OIL UPDATE OF 30 NOVEMBER 2016

Crudeoil trading range for the day is 2992-3316. Crude oil dropped on signs leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply. There remains disagreement among OPEC members over which producers should cut by how much. Indonesian Energy Minister Ignasius Jonan said he was not sure OPEC would clinch a deal to limit oil output when it met.

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