EPIC RESEARCH MCX CRUDE OIL UPDATE OF 23 MARCH 2018

Crude oil trading range for the day is 4153-4283. Crude oil prices dropped as lingering concerns over rising production in the U.S. weighed. Data showed that U.S. oil stockpiles fell unexpectedly last week as refinery activity picked up. However, the report also showed that U.S. crude oil production rose by 0.3% from the previous week to a fresh all-time high of 10.40 million barrels per day.

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