EPIC RESEARCH MCX CRUDE OIL UPDATE OF 15 MAY 2018
Posted by Commodity Updates by Epic Research on 13:41:00 with No comments
Crudeoil trading range for the day is 4697-4863.
Crude oil recovered from lows as traders cheered a mostly bullish report from OPEC showing excess stockpiles of global crude has been nearly eliminated.
A global oil glut has been virtually eliminated, according to OPEC, thanks in part to an OPEC-led supply cut deal in place since January 2017 and fast-rising global demand.
Oil inventories in developed nations in March fell to stand 9 million barrels above the five-year average, OPEC said in a report.
For quick free trial click here > 911 133 9000
Connect with our social media sites
| YouTube | Google+ |
0 comments:
Post a Comment
Note: only a member of this blog may post a comment.