EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 JUNE 2018

Crude oil trading range for the day is 4343-4581. Crude oil recovered on short covering after prices dropped as crude exporters in OPEC appeared to be nearing a deal to increase production. "We need to release supply to the market," Saudi Arabian Energy Minister Khalid al-Falih told reporters in Vienna. OPEC's leader Saudi Arabia and Russia were trying to convince fellow oil producers to raise output from July to meet rising global demand.

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