EPIC RESEARCH MCX CRUDE OIL UPDATE OF 6 DECEMBER 2016

Crudeoil trading range for the day is 3439-3627. Crude oil gained fueled by optimism about the prospect of a tightening market after OPEC members agreed to cut production last week. Russia has said it will cut production by 300,000 barrels a day, but said it would do so at November levels. U.S. energy firms extended their recovery in oil drilling into a seventh month last week, data from energy services firm Baker Hughes showed.




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