EPIC RESEARCH MCX CRUDE OIL UPDATE OF 3 AUGUST 2016

Posted by Farhan Khan on 11:46:00 with No comments
Crudeoil trading range for the day is 2564-2774.               
Crude prices dropped below $40 for the first time in more than three months as oversupply worries persist.    
Lingering economic concerns and a stubborn global supply glut have dented oil prices for the past few weeks.                
OPEC’s July monthly oil report, which offers the cartel’s own demand and supply outlook, is expected to be released Aug. 10.

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