EPIC RESEARCH MCX CRUDE OIL UPDATE OF 1 AUGUST 2016
Posted by Unknown on 12:14:00 with No comments
Crudeoil trading range for
the day is 2705-2831.
Crude oil prices gained supported by some short-covering but bringing the monthly decline to nearly 15 percent fuelled by a persistent global supply glut.
Crude oil prices gained supported by some short-covering but bringing the monthly decline to nearly 15 percent fuelled by a persistent global supply glut.
OPEC's
oil output is likely in July to reach its highest in recent history,
a survey showed, as Iraq pumps more and Nigeria manages to export
additional crude.
Top OPEC exporter Saudi Arabia has kept output close to a record high, the survey found, as it meets seasonally higher domestic demand.
Top OPEC exporter Saudi Arabia has kept output close to a record high, the survey found, as it meets seasonally higher domestic demand.
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