EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 AUGUST 2017

Posted by aditi on 11:41:00 with No comments

Crudeoil trading range for the day is 2981-3187. Crude oil dropped as investors continue to lose faith in OPEC’s ability to stem the glut supply. OPEC will discuss at a meeting in November whether to extend or end production cuts, Kuwait's oil minister Essam al-Marzouq told. The market was dampened by rising U.S. production, which has broken through 9.5 million barrels per day (bpd), its highest since July 2015.

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