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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 15 DECEMBER 2017

Crudeoil trading range for the day is 3579-3695.Crude Oil prices recovered from lows and settled flat shrugging off data forecasting a faster than expected rise in US shale oil production next year.IEA revised upward its projection for US oil production, warning that total supply growth could exceed demand growth in the months ahead. The International Energy Agency has said it saw no immediate need to act, for instance with the release of strategic stockpiles, as the market remains well supplied.

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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 15 DECEMBER 2017

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