EPIC RESEARCH MCX CRUDE OIL UPDATE OF 20 JUNE 2018

Crude oil trading range for the day is 4361-4503. Crude oil fell on fears of an aggressive output hike after Russia's energy minister suggested the market was capable of absorbing an increase in production. Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast, suggesting the market could absorb extra production from the group. The OPEC is expected to agree to raise production along with Russia and other producers after a key meeting in Vienna later this week.

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