EPIC RESEARCH MCX CRUDE OIL UPDATE OF 05 MARCH 2018

Crudeoil trading range for the day is 3907-4047. Crude oil gained as Wall Street stocks bounced off session lows, but prices ended with losses on weekly basis. The government reported that U.S. crude stocks rose faster than expected while gasoline inventories posted a surprisingly large increase. The U.S. oil and gas industry slammed the tariff plan, saying it would kill energy jobs by raising costs for big infrastructure projects.

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