EPIC RESEARCH MCX CRUDE OIL UPDATE OF 6 JULY 2018

Crude oil trading range for the day is 4942-5206. Crude oil prices settled lower as a ramp up in imports led to an unexpected build in U.S. crude supplies, despite ongoing supply outages. Crude oil stocks rose by 1.2 million barrels in the week to June 29, to 417.88 million barrels, according to the U.S. Energy Administration (EIA). U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude.

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