EPIC RESEARCH MCX CRUDE OIL UPDATE OF 23 MARCH 2017

Crudeoil trading range for the day is 3077-3217. Crude oil dropped after data showed that U.S. crude supplies rose more than expected last week, underlining concerns over a global glut. EIA said US inventories climbed almost 5mbls to 533.1 million last week, far outpacing forecasts of a 2.8mbl build .US shale oil producers have been adding rigs, boosting production to about 9.1mbpd for the week ended March 10.

For MCX TIPS ✆ – 0731-6642300

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+