Monday 10 September 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 10 September 2018

12:06:00

Crudeoil trading range for the day is 4773-4953.

* Crude oil settled flat as signs of tightening U.S. output were offset by a stronger dollar and fears rising U.S.-China trade tensions could hamper oil demand.

* A mixed petroleum report showing crude stockpiles fell, but product inventories rose sharply also weighed on sentiment.

* Oilfield services firm Baker Hughes reported that the number of U.S. oil drilling rigs in operation fell by 2 to 860.

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