EPIC RESEARCH MCX CRUDE OIL UPDATE OF 09 OCTOBER 2017

Crude oil trading range for the day is 3162-3362.Crude oil prices slid lower as traders grew more cautious due to the possibility of supply disruptions caused by incoming tropical storm Nate.King Salman of Saudi Arabia made no firm pledge to extend a deal between OPEC but said it was "flexible" regarding suggestions to prolong the pact until the end of 2018.Russian President Vladimir Putin said that a pledge by OPEC and other producers, including Russia, to cut oil output to boost prices could be extended to the end of 2018.

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