EPIC RESEARCH MCX CRUDE OIL UPDATE OF 19 June 2018

Posted by Commodity Updates by Epic Research on 12:13:00 with No comments

Crudeoil trading range for the day is 4280-4590.

Crude oil prices settled higher as traders cheered a report suggesting the OPEC was considering an output hike well below levels many had initially feared.

U.S. oil exports have boomed in the last two years as shale oil production has surged.

The producer cartel of the OPEC, de-facto led by Saudi Arabia, and some allies including Russia have been withholding output since the start of 2017.


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