EPIC RESEARCH MCX CRUDE OIL UPDATE OF 14 DECEMBER 2016

Crudeoil trading range for the day is 3508-3650. Crude oil settled flat after prices seen supported by strong demand and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs. Russian Energy Minister said he would discuss with Russian oil companies how they will cut oil production to implement. Kuwait Petroleum Corp notified customers of a cut in contractual crude supplies for January, as did Qatar Petroleum.




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