EPIC RESEARCH MCX Crudeoil UPDATE OF 11 February 2019

Crudeoil trading range for the day is 3682-3824.

Crude oil prices seen supported amid reports of OPEC output cuts and U.S. sanction on Venezuela.

Saudi Arabia, the world’s top oil exporter, told OPEC it pumped 10.24 million barrels per day (bpd) in January.

Saudi Arabia, the de-facto leader of OPEC, cut its crude output in January by about 400,000 barrels per day (bpd) to 10.24 million bpd.


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