EPIC RESEARCH MCX CRUDE OIL UPDATE OF 01 JANUARY 2018

Posted by aditi on 11:58:00 with No comments
Crudeoil trading range for the day is 3809-3883.Crude oil prices gained as prices closed above $60 on the final trading day of the year spurred by strong demand and declining global inventories. Prices were further boosted by a fall in U.S. commercial crude storage levels, which dropped by 4.6 million barrels to 431.9 million barrels. Inventories are now down by almost 20 percent from their historic highs last March, and well below this time last year or in 2015.









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