EPIC RESEARCH MCX CRUDE OIL UPDATE OF 4 APRIL 2018

Crude oil trading range for the day is 4077-4169. Crude oil gained as rising Russian output and expectations of a reduction in Saudi Arabian crude prices were offset by a potential slowdown in U.S. production. Saudi Arabia is expected to cut prices for all the crude grades it sells to Asia in May. Top producer Russia pumped 10.97 million bpd of crude in March, up from 10.95 million bpd in February, official data showed, an 11-month high.

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