EPIC RESEARCH MCX Crudeoil UPDATE OF 30 October 2018

Crudeoil trading range for the day is 4875-5019.

* Crude oil remained under pressure amid cautious sentiment as a plunge in financial markets and dollar strength underscored concerns that growth may be slowing.

* Oil markets remain tense ahead of looming U.S. sanctions against Iran’s crude exports, which are set to start next week and are expected to tighten supply.

* Production is set to rise further. U.S. drillers added two oil rigs in the week to Oct. 26, bringing the total count to 875, the highest level since March 2015.


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