EPIC RESEARCH MCX Crudeoil UPDATE OF 7 January 2019

Posted by Commodity Updates by Epic Research on 13:12:00 with No comments

Crudeoil trading range for the day is 3229-3499.

* Crude oil gained after China confirmed it would hold talks with Washington next week to solve trade disputes between the two countries.

* Despite the turmoil, oil prices have received some support as supply cuts announced by the OPEC kick in.

* U.S. crude oil inventories unexpectedly increased last week, the Energy Information Administration said in its weekly report.

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