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Tuesday 26 February 2019

EPIC RESEARCH MCX Crudeoil UPDATE OF 26 February 2019

Crudeoil trading range for the day is 3803-4157.

* Crude oil prices tumbled after US President Trump said oil prices are “too high”.

* US crude oil production rose to a record high of 12 million barrels per day (bpd) in the week ending Feb. 15.

* Further, the US oil exports hit an all-time high of 3.607 million bpd, topping the previous lifetime high of 3.203 million bpd set in the last week of November 2018.

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