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Friday 15 March 2019

EPIC RESEARCH MCX Crudeoil UPDATE OF 15 March 2019

Crudeoil trading range for the day is 3998-4116.

* Crude oil gained as production cuts led by OPEC and U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply.

* Prices also seen supported fueled by production curbs by OPEC and its partners along with U.S. sanctions on Iran and Venezuela.

* OPEC leave its 2019 global oil demand growth forecast unchanged at 1.24mbpd.

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