EPIC RESEARCH MCX Crudeoil UPDATE OF 13 February 2019

Posted by Commodity Updates by Epic Research on 11:26:00 with No comments

Crudeoil trading range for the day is 3683-3873.

* Crude oil gained amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela.

* The ongoing closure of parts of the Keystone pipeline that brings Canadian oil into the United States also helped prop up.

* Markets are tightening amid voluntary production cuts led by the OPEC and because of U.S. sanctions on Venezuela and Iran.

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