EPIC RESEARCH MCX Crudeoil UPDATE OF 13 December 2018

Crudeoil trading range for the day is 3668-3856.

* Crude oil dropped after reports that Iran’s oil minister said divisions exist within the Organization of the Petroleum Exporting Countries

* U.S. crude oil inventories fell less than expected last week, the Energy Information Administration said in its weekly report.

* EIA report lowers 2018 US crude output forecast to 10.88M barrels/day and leaves 2019 estimate unchanged at 12.06M barrels/day

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