EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 NOVEMBER 2017

Crudeoil trading range for the day is 3635-3739. Crude oil gained as traders weighed the prospect of an extension to the production-cut agreement against expectations of higher US output. OPEC together with a group of non-OPEC producers led by Russia, has been restraining output since the start of this year to try to lower global inventories. The deal is due to expire in March 2018, and OPEC meets on Nov. 30 to discuss the policy.

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