EPIC RESEARCH MCX CRUDE OIL UPDATE OF 20 APRIL 2018

Crude oil trading range for the day is 4450-4628. Crude oil prices rose as U.S. inventories fell and Saudi Arabia continued to push to production curbs. Prices were supported by data that showed crude stockpiles have declined in the U.S. OPEC has been cutting crude output by 1.8 million barrels per day (bpd) to prop up oil prices.

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