EPIC RESEARCH MCX CRUDE OIL UPDATE OF 06 April 2017

WTI oil prices rose by 0.2 percent on Wednesday to close at $51.2 per barrel easing from one-month highs, as support from an outage at the largest UK North Sea oilfield was offset by a surprise increase in U.S. crude inventories to a record high limited price gains. News of the unplanned outage of the 180,000-barrels-per-day Buzzard field in the North Sea had already began to support prices on Tuesday. Sources said the repairs would take one to two days.


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