EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 SEPTEMBER 2017

Crudeoil trading range for the day is 3290-3514.Crude oil dropped as traders unwound some of their bullish bets on crude but sentiment on oil remained positive following inventory data. Turkey said it would deal only with the Iraqi government on crude oil exports, “restricting oil export” operations to Baghdad. U.S. crude inventories fell 1.8 million barrels last week, the U.S. Energy Department said, versus forecasts for a 3.4 million-barrel build.

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