EPIC RESEARCH MCX CRUDE OIL UPDATE OF 12 JUNE 2017

Crude oil trading range for the day is 2884-3012.Crude oil prices gains after a Nigerian oil pipeline leak offset fears that excess Nigerian crude would add to the uptick in global production.OPEC's battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, is swamping the Atlantic Basin.Libya's 270,000-bpd Sharara oilfield has reopened after a workers' protest and should return to normal production within three days.

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