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Thursday, 7 December 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 07 DECEMBER 2017


Crudeoil trading range for the day is 3572-3746. Crude oil settled lower after data showing crude stockpiles fell for the third straight week failed to offset a larger-than-expected build in gasoline supplies. Inventories of U.S. crude fell by roughly 5.6 million barrels for the week ended Dec. 2, beating expectations of a draw of 3.4 million barrels. Gasoline inventories rose by 6.8 million barrels, well above expectations for rise of 1.7 million barrels.




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