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Monday 31 December 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 31 December 2018

Crudeoil trading range for the day is 3069-3295.

* Crude oil prices seen under pressure amid worries about a global glut of crude but downside seen limited supported by a rise in U.S. equity markets.

* U.S. crude inventories were down by 46,000 barrels in the week to Dec. 21, the Energy Information Administration said

* OPEC’s meeting finally appears to be abating as a growing number of producers show a greater willingness to curb supply.

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