EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 DECEMBER 2016

Posted by aditi on 11:26:00 with No comments
Crudeoil trading range for the day is 3500-3702. Crude oil dropped as prices declined after data showed a surprise increase in U.S. crude supplies last week. The U.S. EIA said in its weekly report that crude oil inventories rose by 2.3 million barrels in the week ended December 16. Trust between oil producing countries is important if a global deal to curtail output is to succeed, Russian Energy Minister Alexander Novak said.

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