EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 MARCH 2018

Crude oil trading range for the day is 4118-4326. Crude prices rose after data showed that U.S. oil stockpiles fell unexpectedly last week as refinery activity picked up. The U.S. Energy Information Administration said in its weekly report that crude oil inventories declined by 2.6 million barrels in the week ended March 16. Supplies at Cushing, Oklahoma, the key delivery point for Nymex crude, rose by 905,000 barrels last week, the EIA said.

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