EPIC RESEARCH MCX CRUDE OIL UPDATE OF 19 DECEMBER 2017

Crudeoil trading range for the day is 3614-3750.Crude oil prices settled lower as rising US output offset support from the Forties pipeline shutdown.Supply disruptions are expected to be tailwind for oil markets as Nigerian oil exports could come under pressure.North Sea operator Ineos declared force majeure on all oil and gas shipments through its Forties pipeline system last week after cracks were found.






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