EPIC RESEARCH MCX Crudeoil UPDATE OF 26 October 2018

Crudeoil trading range for the day is 4808-5038.

* Crude oil gained on renewed hopes that OPEC will cut supplies before the year is out, giving crude prices some strength.

* Saudi Arabia and Russia agreed to extend their pact to preserve oil stability, Saudi Energy Minister Khalid al-Falih said.

* Saudi Arabia and Russia will interfere together, along with the heads of the other producing states, to prevent the market form falling out of balance.



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