EPIC RESEARCH MCX Crudeoil UPDATE OF 03 October 2018
Posted by Commodity Updates by Epic Research on 12:25:00 with No comments
Crudeoil trading range for the day is 5259-5633.
* Crude oil prices rose ahead of U.S. sanctions against Iran, that kick in next month.
* Prices were supported by a report of a stagnant rig count in the United States, which points to a slowdown in U.S. crude production.
* OPEC delivered only a limited increase in oil production in September, as a cut in Iranian shipments due to U.S. sanctions offset higher output
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