EPIC RESEARCH MCX Crudeoil UPDATE OF 13 November 2018

Posted by Commodity Updates by Epic Research on 11:33:00 with No comments

Crudeoil trading range for the day is 4311-4527.

* Crude oil gained after top exporter Saudi Arabia announced a December supply cut, a measure likely aimed at halting a market slump

* Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day (bpd) in December, its energy minister said.

* Khalid al-Falih told reporters that Saudi Aramco’s customer nominations would fall by 500,000 bpd in December versus November due to seasonal lower demand.

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

Connect with our social media sites