EPIC RESEARCH MCX CRUDE OIL UPDATE OF 01 DECEMBER 2017

Crudeoil trading range for the day is 3624-3778. Crude oil steadied after OPEC announced it would extend cuts in oil output by nine months through 2018. OPEC and non-OPEC producers led by Russia agreed to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude. Saudi Energy Minister Khalid al-Falih told OPEC and non-OPEC allies had agreed to extend the cuts by nine months until the end of 2018.









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