EPIC RESEARCH MCX CRUDE OIL UPDATE OF 03 JANUARY 2018

Crudeoil trading range for the day is 3787-3885. Crude oil prices remained stable amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. Even without the unrest in Iran, which is a major oil exporter, market sentiment was bullish. The 450,000 bpd capacity Forties pipeline system in the North Sea returned to full operations on Dec. 30 after an unplanned shutdown.






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