EPIC RESEARCH MCX CRUDE OIL UPDATE OF 04 JULY 2017

Crudeoil trading range for the day is 2948-3094. Crude oil gained lifted by the first fall in U.S. drilling activity in months. Prices were also being supported by expectations of strong gasoline consumption on the July 4 holiday in the United States. Hedge funds and money managers trimmed their bullish bets on U.S. crude oil to the lowest in more than nine months, CFTC data showed.



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