EPIC RESEARCH MCX CRUDE OIL UPDATE OF 09 NOVEMBER 2017

Crudeoil trading range for the day is 3610-3808. Crudeoil pushed lower after data from the US EIA showed that domestic crude stockpiles declined less than expected last week.The US EIA said in its weekly report that crude oil inventories fell by 2.2 million barrels in the week ended November 3.Prices have also been supported in recent weeks by expectations that oil producing countries will agree to extend an output cut.






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