EPIC RESEARCH MCX CRUDE OIL UPDATE OF 28 JUNE 2018

Crude oil trading range for the day is 4771-5175. Crude oil gained supported by a massive draw in U.S. crude supplies, and unexpected supply outages in Libya and Canada. Inventories of U.S. crude fell by 9.891 million barrels for the week ended June 22, topping expectations for a draw of 2.572 million barrels. The U.S. has told countries to cut all imports of Iranian oil starting from November, a senior State Department official said.

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