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Friday 4 January 2019

EPIC RESEARCH MCX Crudeoil UPDATE OF 4 January 2019

Crudeoil trading range for the day is 3138-3414.

* Crude oil dropped amid an economic slowdown for 2019 just as crude supplies are rising globally.

* U.S. crude production stood at a record 11.7 million barrels per day (bpd) in late 2018, making America the world's biggest oil producer.

* Others are not sitting idle, with Russian output reaching a record of more than 11 million bpd in 2018.

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