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EPIC RESEARCH MCX CRUDEOIL UPDATE OF 4 Oct 2016

Crudeoil trading range for the day is 3128-3372. Crude oil prices ended with gains supported by a planned production cut by exporter club Opec. OPEC said last week it would cut output to between 32.5 million barrels per day (bpd) and 33.0 million bpd from about 33.5 million bpd. OPEC's oil output is likely to reach 33.60 million bpd in September from a revised 33.53 million bpd in August, its highest in recent history.
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EPIC RESEARCH MCX CRUDEOIL UPDATE OF 4 Oct 2016

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