EPIC RESEARCH MCX CRUDE OIL UPDATE OF 19 JANUARY 2017

Posted by aditi on 11:20:00 with No comments
Crudeoil trading range for the day is 3417-3631. Crude oil dropped after the head of the International Energy Agency predicted a "significant" boost to U.S. output. Sentiment in oil markets has been torn between expectations of a rebound in U.S. shale production and hopes that oversupply may be curbed The IEA (International Energy Agency) said it expects higher oil prices to trigger a significant boost in U.S. shale output.

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