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Friday 30 November 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 30 November 2018

Crudeoil trading range for the day is 3398-3766.

* Crude oil prices recovered from lows after Russia had accepted the need to cut production, together with OPEC.

* Nigeria’s Minister Ibe Kachikwu and Saudi’s Khalid Al-Falih, said the stability of oil prices is a priority ahead of the scheduled Dec. 6 meeting of the OPEC.

* Saudi Arabia is pushing for an output cut of 1 million to 1.4 million barrels per day (bpd) to avoid oversupply.

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