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Thursday 4 October 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 04 October 2018

Crudeoil trading range for the day is 5379-5803.

* Crude oil prices gained as market participants stayed focused on upcoming Iranian sanctions and their expected squeeze on supply

* U.S. crude oil inventories rose more than expected last week, the Energy Information Administration said in its weekly report.

* Russia and Saudi Arabia agreed in September to boost oil output through December

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