EPIC RESEARCH MCX Crudeoil UPDATE OF 09 October 2018

Posted by Commodity Updates by Epic Research on 12:21:00 with No comments

Crudeoil trading range for the day is 5387-5567.

* Crude oil prices fell after Washington said it may grant waivers to sanctions against Iran's oil exports next month.

* The oil market is balanced in terms of supply and demand, Qatar's Energy Minister Mohammed al-Sada said

* Hedge funds cut their bullish wagers on U.S. crude in the latest week to the lowest level in nearly a year, data showed. -

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