EPIC RESEARCH MCX Crudeoil UPDATE OF 26 December 2018

Posted by Commodity Updates by Epic Research on 11:41:00 with No comments

Crudeoil trading range for the day is 2909-3343.

* Crude oil prices plunged as fears of an economic slowdown rattled the market.

* The boom in U.S. shale output has boosted the country into the top producer spot over traditional suppliers Saudi Arabia and Russia.

* OPEC and Russia agreed earlier this month to cut oil production by 1.2 million barrels per day (bpd) starting in January to address the supply issues.

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