EPIC RESEARCH MCX CRUDE OIL UPDATE OF 19 FEBRUARY 2018

Crudeoil trading range for the day is 3892-4030. Crude oil prices gained amid expectations for further efforts to limit global oil output continued to support. UAE energy minister saying oil producers led by Saudi Arabia and Russia aimed to draft an agreement on a long-term alliance by the end of the year. OPEC and some non-OPEC producers including Russia have been restraining production by 1.8 million barrels per day (bpd) to prop up prices.
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