EPIC RESEARCH MCX CRUDE OIL UPDATE OF 09 MARCH 2018

Crude oil trading range for the day is 3876-4032. Crude oil dropped as traders were still digesting the previous session's downbeat U.S. supply data amid sustained fears over a global trade war. The U.S. Energy Information Administration reported that crude oil inventories rose by 2.408 million barrels for the week ended March 2. The IEA upwardly revised U.S. oil output growth earlier in the week, saying the country would be producing a total of nearly 17 Mbpd in 2023.
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