EPIC RESEARCH MCX CRUDE OIL UPDATE OF 1 JUNE 2018

Crude Oil trading range for the day is 4430-4656. Crude Oil prices settled lower despite a massive draw in U.S. crude supplies as domestic output continued to expand. U.S. crude stockpiles fell 3.6 million barrels last week, the EIA said, exceeding expectations for a decline of 525,000 barrels. The American Petroleum Institute said that U.S. oil inventories rose by 1 million barrels last week.

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