EPIC RESEARCH MCX CRUDE OIL UPDATE OF 7 JUNE 2018

Crude oil trading range for the day is 4237-4479. Crude oil dropped after data showed that while oil supplies in the U.S. fell slightly more than expected. Pressure also seen on increasing signs that Saudi Arabia may raise supply to balance a surge in demand during the peak U.S. summer driving season. The US has asked some OPEC producers to raise oil output but has not requested a specific figure, according to sources.

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