EPIC RESEARCH MCX CRUDE OIL UPDATE OF 15 SEPTEMBER 2017

Crude oil trading range for the day is 3110-3296.Crude oil prices gained buoyed by a pair of reports earlier in the week suggesting that rising global oil demand could stem the glut in crude supplies. IEA raised its estimate of 2017 world oil demand growth to 1.6 million barrels per day (bpd) from 1.5 million bpd.IEA said a global oil surplus was beginning to shrink due to stronger-than-expected European and U.S. demand growth.

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