EPIC RESEARCH MCX CRUDE OIL UPDATE OF 19 JULY 2018

Crude oil trading range for the day is 4552-4778. Crude oil gained despite an unexpected build in crude stockpiles, as production was offset by signs of strong demand as product supplies fell. Crude prices were also supported by supply disruptions in the Middle East as rebels in Yemen attacked an oil facility in Saudi Arabia. Inventories of U.S. crude rose by 5.836 million barrels for the week ended July 13, confounding expectations for a draw of 3.622 million barrels.

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