EPIC RESEARCH MCX Crudeoil UPDATE OF 15 October 2018

Posted by Commodity Updates by Epic Research on 11:54:00 with No comments

Crudeoil trading range for the day is 5150-5364.

* Crude oil prices dropped as pressure seen after the IEA said in its monthly report that the market looked "adequately supplied for now"

* OPEC Secretary-General Mohammad Barkindo said that oil producers are very concerned about spare output capacity amid a reduction in energy-industry investment.

* China's daily crude oil imports in September hit their highest level since May, customs data showed.

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