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Thursday 11 January 2018

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 11 JANUARY 2018


Crude Oil trading range for the day is 3994-4080.Crude oil prices gained as crude stockpiles stowed in American tanks and terminals dwindled for an eighth straight week. U.S. production fell 290,000 barrels per day to 9.5 million bpd, the EIA said, foiling expectations of U.S. output breaking through 10 million bpd.The U.S. EIA raised its 2018 world oil demand growth forecast by 100,000 barrels per day from its previous estimate.

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