EPIC RESEARCH MCX Crudeoil UPDATE OF 31 January 2019

Posted by Commodity Updates by Epic Research on 11:50:00 with No comments

Crudeoil trading range for the day is 3747-4003.

* Crude oil gained boosted by U.S. government data that showed signs of tightening supply, as investors remained concerned about supply disruptions.

* Government data showed U.S. crude oil stockpiles rose less than expected last week due to a drop in imports, while gasoline inventories fell from record highs.

* Saudis planning on further reducing oil output, exports next month

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