EPIC RESEARCH MCX CRUDE OIL UPDATE OF 3 AUGUST 2018

Crude oil trading range for the day is 4528-4872. Crude oil prices settled higher rebounding from sharp losses a day earlier as crude supplies reportedly fell at a domestic delivery hub at Cushing, Oklahoma. Russian oil output rose by 150,000 barrels per day in July from a month earlier, surpassing the amount Moscow had said it would add following a meeting of global oil producers in Vienna in June. U.S. crude inventories rose 3.8 million barrels last week as imports jumped, the government's Energy Information Administration said.

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