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Wednesday, 8 November 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 08 NOVEMBER 2017


Crudeoil trading range for the day is 3684-3774.Crude oil remained supported amid tension flared between Saudi Arabia and Iran, and the Saudi crown prince tightened his grip on power. Saudi Energy Minister said that while there is "satisfaction" with a production-cutting deal between the OPEC and other producers led by Russia, the "job is not done yet." OPEC is expected to extend a cut of around 1.8 million barrels per day into the whole of 2018.




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