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Thursday 12 April 2018

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 12 APRIL 2018

Crude oil trading range for the day is 4178-4484. Crude oil gained amid by rising geopolitical tensions in the Middle East and expectations of U.S. military intervention in Syria. Inventories of U.S. crude rose by 3.306 million barrels for the week ended April 6, confounding expectations for a modest decline of 600,000 barrels. The future supply situation for a number of energy resources is not reassuring, particularly for crude oil, Saudi Arabia's Oil Minister Khalid Al Falih said.

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