EPIC RESEARCH MCX CRUDE OIL UPDATE OF 20 JULY 2018

Crude oil trading range for the day is 4538-4844. Crude oil gained on comments that Saudi Arabia's exports would fall in August renewed expectations for a global shortage in crude supplies. The Energy Information Administration (EIA) showed an unexpected build in U.S. crude stockpiles amid a surge in imports. Inventories of U.S. crude rose by 5.836 million barrels for the week ended July 13, comparing to expectations for a draw of 3.622 million barrels.

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