EPIC RESEARCH MCX CRUDE OIL UPDATE OF 1 FEBRUARY 2017

Crudeoil trading range for the day is 3527-3665. Crude oil gained as market players looked ahead to weekly data from the U.S. on stockpiles of crude and refined products. The American Petroleum Institute (API) said that crude inventories jumped 5.8 million barrels at the end of last week. OPEC's output fell by over 1 million bpd in January to 32.27 million bpd between December and January.

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