EPIC RESEARCH MCX CRUDE OIL UPDATE OF 21 MARCH 2018

Crude oil trading range for the day is 4027-4251. Crude oil rose as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the negative impact of growing U.S. crude production. Tensions between Saudi Arabia and Iran gave prices some support. Worries about Venezuela’s tumbling crude production also supported oil markets.

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