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Wednesday, 12 April 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 12 April 2017


Crudeoil trading range for the day is 3388-3486. Crude oil finished higher as prices rebounded on talk of a possible extension to the OPEC-led production cut agreement. OPEC countries wants to extend the group’s agreement to cut crude production for another six months when OPEC meets in May. *Support seen on geopolitical worries, North Korea’s foreign ministry warned that it was ready for “war” if the US makes further military moves.




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