EPIC RESEARCH MCX CRUDE OIL UPDATE OF 28 APRIL 2016

Crudeoil trading range for the day is 2887-3063.              
Crude oil prices gained driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its strongest monthly performance since last April.            
Prices received extra support from news that Saudi Arabia and Kuwait appear no closer to restarting their jointly operated Khafji oilfield.             
According to EIA, commercial crude stockpiles added 1.999 million barrels following the 2.080 million barrel hike seen in the previous seven days.
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