EPIC RESEARCH MCX Crudeoil UPDATE OF 15 November 2018

Crudeoil trading range for the day is 3890-4244.

* Crudeoil prices recovered from lows on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market.

* OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels per day (bpd), a larger figure than officials have mentioned previously.

* OPEC warned that an oil supply glut could emerge in 2019 as the world economy slows and supply from rival producers rises more quickly than expected.


Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+