EPIC RESEARCH MCX CRUDE OIL UPDATE OF 25 JULY 2018

Crude oil trading range for the day is 4619-4841. Crude oil prices settled higher as concerns about oversupply eased amid expectations U.S. oil stockpiles fell last week. Saudi Arabia and large producers are ramping up output to offset losses that are likely to come as the November deadline approaches. The market has also been dented by concerns about the impact on global economic growth and energy demand of escalating disputes over global trade.

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