EPIC RESEARCH MCX Crudeoil UPDATE OF 14 January 2019

Posted by Commodity Updates by Epic Research on 11:19:00 with No comments

Crudeoil trading range for the day is 3516-3822.

* Crude oil dropped as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by U.S.-China trade hopes.

* Oil markets are receiving support from supply cuts led by OPEC and aimed at reining in a glut that emerged in the second half of 2018.

* Lower oil exports from Iran since November, when U.S. sanctions against it resumed, have also supported crude.

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