EPIC RESEARCH MCX CRUDE OIL UPDATE OF 28 SEPTEMBER 2016

Crude oil trading range for the day is 2884-3112. Crude oil dropped sharply after both Iran and Saudi Arabia played down expectations for a deal to freeze or cut oil production. Saudi Arabia's Energy Minister Khalid al-Falih said that talks among OPEC and non-OPEC oil producers in Algiers this week are consultative. Oil prices drew support from data from industry group the American Petroleum Institute that showed crude stocks fell 752,000 barrels. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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