EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 AUGUST 2016

Crudeoil trading range for the day is 3240-3342. Crude oil gains on speculation that Saudi Arabia and other members of OPEC will agree next month to a production freeze deal with non-OPEC producers. Nigerian oil minister Emmanuel Ibe Kachikwu said that while a cut in OPEC production is unlikely. Iran's crude oil exports were flat in June at just over 2 mbpd and production at 3.610 mbpd was steady from the previous month.For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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