EPIC RESEARCH MCX Crudeoil UPDATE OF 3 April 2019

Crudeoil trading range for the day is 4238-4366.

Crude oil prices gained following reports that the U.S. is considering imposing more sanctions on Iran.

OPEC oil output hits four – year low on Saudi cuts, Venezuela blackouts

Meanwhile, data showed a sixth-straight weekly fall in the U.S. oil rig count to a near-one-year low, suggesting lower production ahead.

Russia's oil output totalled 11.298 million barrels per day (bpd) last month, down from 11.34 million bpd in February, the energy ministry said.



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