EPIC RESEARCH MCX CRUDE OIL UPDATE OF 23 JANUARY 2018

Posted by aditi on 11:31:00 with No comments
Crudeoil trading range for the day is 3994-4124. Crude oil gained propped up by comments from Saudi Arabia that cooperation between oil producers who have cut production to boost prices would continue beyond 2018. Strong global economic growth coupled with a drop in U.S. drilling activity while additional Libyan output capped further gains. Saudi Arabia, said major oil producers agreed that they should continue cooperating on production after their deal on supply cuts expires this year.






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