EPIC RESEARCH MCX CRUDE OIL UPDATE OF 9 JUNE 2016

Posted by Unknown on 12:24:00 with No comments
Crudeoil trading range for the day is 3333-3449.              
Crude hit 2016 highs settled above $51 a barrel on worries about sabotage of oil facilities in Nigeria.  
EIA showed U.S. crude stocks last week fell by 3.23mbls to 532.5mbls, marking their third consecutive weekly fall.      
Prices continued to receive a boost from a conflict in Nigeria, which has led to widespread output slowdowns among major producers.             


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