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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