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Wednesday 26 September 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 26 September 2018

Crudeoil trading range for the day is 5210-5336.

* Crude oil pared gains on profit booking after prices seen supported as U.S. President Trump vowed in a U.N. speech that there will be no reprieve for Iran from sanctions.

* Mohammad Barkindo, OPEC secretary general, said in Madrid that OPEC and its partners should cooperate to ensure they do not “fall from one crisis to another”.

* Crude inventories rose by 2.9 million barrels in the week to Sept. 21 to 400 million, compared with expectations for a decrease of 1.3 million barrels, the APi said.

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