EPIC RESEARCH MCX CRUDE OIL UPDATE OF 04 OCTOBER 2017

Crudeoil trading range for the day is 3261-3379. Crude oil prices fell amid signs that a global glut in crude may not be clearing as quickly as some had hoped. Iraq said that exports rose slightly in September from its southern oilfields, while an earlier survey indicated that overall the OPEC boosted output. The recent rally had also been driven by signs that a three-year crude glut is easing, helped by a production cut deal among global producers led by OPEC.




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