EPIC RESEARCH MCX Crudeoil UPDATE OF 14 December 2018

Crudeoil trading range for the day is 3560-3828.

* Crude oil prices recovered some of its losses lifted by reports that Saudi Arabia is likely to slash shipments to U.S. refiners.

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

* EIA report lowers 2018 US crude output forecast to 10.88M barrels/day and leaves 2019 estimate unchanged at 12.06M barrels/day


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