EPIC RESEARCH MCX Crudeoil UPDATE OF 9 April 2019
Posted by Commodity Updates by Epic Research on 12:39:00 with No comments
Crudeoil trading range for the day is 4339-4563.
* Crude oil prices gained driven up by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela and strong U.S. jobs data.
* United Arab Emirates Energy Minister Suhail al-Mazroui said that OPEC and its allies are achieving balance in the oil market.
* "OPEC and OPEC+ will always do whatever (is) necessary to achieve that balance in the market," Mazroui said at an energy conference in Dubai.
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