EPIC RESEARCH MCX Crudeoil UPDATE OF 3 December 2018

Crudeoil trading range for the day is 3407-3717.

* Crude oil dropped as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut.

* Surging oil production in the United States, Russia and by members of the Middle East-dominated OPEC has helped fill global inventories and create a glut in some markets.

* Oil inventories are rising fast in the United States, where commercial crude stocks rose by 3.6 million barrels in the week to Nov. 23 to 450.49 million barrels.


Subscribe now for best COMMODITY TIPS
For quick free trial click here < +917316642316

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+