EPIC RESEARCH MCX Crudeoil UPDATE OF 28 December 2018

Posted by Commodity Updates by Epic Research on 12:34:00 with No comments

Crudeoil trading range for the day is 3073-3329.

* Crude oil prices fell with prices pressured by concerns over a faltering global economy and worries about a glut in crude supply.

* Russia agreeing to cut crude output by 1.2 million barrels per day from January 2019.

* OPEC and its allies including Russia, agreed at a meeting earlier this month to limit output by 1.2 million barrels per day (bpd) starting in January.

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