EPIC RESEARCH MCX Crudeoil UPDATE OF 30 October 2018

Posted by Commodity Updates by Epic Research on 11:36:00 with No comments

Crudeoil trading range for the day is 4875-5019.

* Crude oil remained under pressure amid cautious sentiment as a plunge in financial markets and dollar strength underscored concerns that growth may be slowing.

* Oil markets remain tense ahead of looming U.S. sanctions against Iran’s crude exports, which are set to start next week and are expected to tighten supply.

* Production is set to rise further. U.S. drillers added two oil rigs in the week to Oct. 26, bringing the total count to 875, the highest level since March 2015.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316

Connect with our social media sites