EPIC RESEARCH MCX CRUDE OIL UPDATE OF 9 MAY 2018

Crude oil trading range for the day is 4466-4810. Crude oil dropped as investors braced for President Donald Trump's decision on whether to withdraw from the Iran nuclear deal. Libya aims to raise its oil production capacity to more than 2 million barrels per day by 2022, the state-owned National Oil Corp said. The OPEC member's current oil production stands at around 1 million bpd, well below a pre-civil war level of around 1.6 million bpd.

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