EPIC RESEARCH MCX Crudeoil UPDATE OF 31 October 2018

Crudeoil trading range for the day is 4745-5037.

* Crude oil prices dipped weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.

* High oil prices hurting consumers, could have adverse implications for producers: IEA Birol

* Crude output from Russia, the United States and Saudi Arabia, reached 33 million barrels per day (bpd) for the first time in September.              

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