EPIC RESEARCH MCX CRUDE OIL UPDATE OF 26 SEPTEMBER 2017

Crude Oil trading range for the day is 3234-3498.Crude oil gained amid growing expectations that producers will extend output cuts sooner rather than later as traders cheered signs that the market is starting to rebalance.OPEC's compliance with an agreement among oil producers to reduce output has been acceptable, Iran's oil minister said.The OPEC, Russia and several other producers have cut production by about 1.8 million barrels per day (bpd) since the start of 2017.

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