EPIC RESEARCH MCX CRUDE OIL UPDATE OF 10 AUGUST 2018

Crude oil trading range for the day is 4532-4670. Crude oil gained reflecting concerns about Iranian crude supplies as the U.S. hit Tehran with new sanctions, halting Wednesday's declines. China's crude imports recovered slightly in July after two months of decline, but were still among the lowest this year due to a drop-off in demand. China took 8.48 million barrels per day (bpd) last month, up from 8.18 million bpd a year earlier and June's 8.36 million bpd, customs data showed.

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