EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 FEBRUARY 2017

Crudeoil trading range for the day is 3595-3731. Crude oil gained after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher. The oil market will have to wait until Thursday, a day later than normal, for the release of this week's official data, due to the holiday on Monday. U.S. crude oil and gasoline inventories soared to record highs last week as refineries cut output and gasoline demand softened, the EIA .



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