EPIC RESEARCH MCX CRUDE OIL UPDATE OF 27 JUNE 2018

Crude oil trading range for the day is 4550-4970. Crude oil prices gained on a Canadian production outage and uncertainty over Libyan crude exports. The API reported a 9.2 million barrel reduction in U.S. crude inventories in the week to June 22 to 421.4 million barrels. Iran's oil minister said that OPEC's oil output agreement did not specify a production increase and that a figure of 800,000 bpd was an interpretation by some members of the group.

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