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Wednesday 29 June 2016

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 JUNE 2016


Crudeoil trading range for the day is 3099-3319.              
Crude oil gained amid a looming strike in Norway threatened to cut output in Western Europe's biggest producer.      
About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output if a new wage deal is not agreed before a Friday deadline.      
Combined oil output was about 285,000 barrels per day in the first four months of the year.


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