EPIC RESEARCH MCX Crudeoil UPDATE OF 1 February 2019

Posted by Commodity Updates by Epic Research on 14:32:00 with No comments

Crudeoil trading range for the day is 3795-3975.
* Crude oil dropped on profit booking after prices gained amid lower imports into the United States amid OPEC efforts to tighten the market.
* EIA's weekly report showed that U.S. imports from Saudi Arabia fell by more than half from the previous week.
* A report from the U.S. Energy Information Administration (EIA) showed a drop in Saudi crude supply to the United States.

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