EPIC RESEARCH MCX CRUDE OIL UPDATE OF 31 OCTOBER 2017
Posted by aditi on 12:05:00 with No comments
Crudeoil trading range for the day is 3464-3564. Crude oil gains supported by expectations that an OPEC-led production cut due to expire next March would be extended. Bullish sentiment had driven Brent above $60 per barrel, fueled by an effort led by the OPEC and Russia to hold back about 1.8mbpd. Iraq has increased exports from its southern oilfields to 3.45mbpd to make up for a shortfall from the northern Kirkuk fields.
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