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Wednesday 11 April 2018

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 11 APRIL 2018

Crude oil trading range for the day is 4091-4333. Crude oil rallied as investors grew more confident that a brewing trade dispute between the United States and China may be resolved without harming the global economy. Saudi Arabia's energy minister Khalid al-Falih and IEA director Fatih Birol stressed the need for more investments in the energy sector to meet growing demand. In physical oil markets, Iraq said that it will keep prices steady for its May crude supplies.

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