EPIC RESEARCH MCX CRUDE OIL UPDATE OF 13 JULY 2018

Crude oil trading range for the day is 4647-4961. Crude oil dropped as the market shrugged off a warning that spare capacity may be stretched as OPEC and Russia increase production. The International Energy Agency (IEA), which said the world's oil supply cushion "might be stretched to the limit" due to production losses. An escalating U.S.-China trade row also helped depress oil prices as it raised the prospect of faltering global growth and lower energy consumption.

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