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Monday 24 October 2016

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 24 OCTOBER 2016

Crude oil trading range for the day is 3349-3451.
Crude oil edged higher as Russia reiterated its commitment to joining a producers' output freeze to stem a two-year slide in prices.
Russian Energy Minister Alexander Novak said an oil output freeze agreement was necessary to prop up prices.
The Organization of the Petroleum Exporting Countries will hold a meeting on Nov. 30 to find common ground on capping oil production.
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