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Thursday, 27 September 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 27 September 2018

Crudeoil trading range for the day is 5152-5304.

* Crude oil remained under pressure as data showed that oil supplies in the U.S. unexpectedly rose.

* The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 1.852 million barrels.

* OPEC will do everything to stabilise and balance oil market, however, this is limited to available spare capacity.

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