EPIC RESEARCH MCX Crudeoil UPDATE OF 19 March 2019

Crudeoil trading range for the day is 3953-4117.

Crude oil prices remained supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.

Saudi Arabia said OPEC’s job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and
Venezuela.

Fresh data on U.S. commercial crude inventories and production activity will also capture the market's attention this week.

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