EPIC RESEARCH MCX CRUDE OIL UPDATE OF 11 MAY 2018
Posted by Commodity Updates by Epic Research on 12:45:00 with No comments
Crudeoil trading range for the day is 4682-4880.
Crude oil dipped away from multi-year highs reached the previous session on hopes that alternative supplies could replace a looming drop in Iranian exports
The United States plans to impose new sanctions against Iran, which produces around 4 percent of global oil supplies.
The threat of new sanctions come amid an oil market that has already been tightening due to strong demand, especially in Asia.
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Crude oil dipped away from multi-year highs reached the previous session on hopes that alternative supplies could replace a looming drop in Iranian exportsThe United States plans to impose new sanctions against Iran, which produces around 4 percent of global oil supplies.
The threat of new sanctions come amid an oil market that has already been tightening due to strong demand, especially in Asia.
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For quick free trial click here > 911 133 9000
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