EPIC RESEARCH MCX CRUDE OIL UPDATE OF 25 APRIL 2018

Crude oil trading range for the day is 4447-4659. Crude oil prices settled lower as Trump hinted that the U.S. and France were nearing an agreement to preserve the Iran nuclear deal. Geopolitical tension in the Middle East and concerns about supply disruptions in key oil-producing nations supporting the market. Ongoing efforts by major global crude producers to reduce a supply glut further added to positive sentiment.

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