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Monday, 18 December 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 18 DECEMBER 2017

Crude Oil trading range for the day is 3631-3703.Crude Oil prices settled higher as traders cheered data showing the number of oil rigs operating in the US fell for the first time in six weeks.The IEA expects the oil market to have a surplus of 200,000 bpd in the first half of next year before reverting to a deficit of about 200,000 bpd in the second half.The number of oil rigs operating in the US for week ending Dec. 15, fell by four to 747, declining for the first time in six weeks.








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