EPIC RESEARCH MCX CRUDE OIL UPDATE OF 15 MARCH 2018

Crude oil trading range for the day is 3869-4015. Crude oil prices settled higher as data showing a massive draw in gasoline supplies offset a build in crude stockpiles for the third-straight week. Inventories of U.S. crude rose by 5.022 million barrels for the week ended March 9, well above expectations for a rise of 2.023 million barrels. EIA said in its monthly report that U.S. crude oil production jumped above 10 mbpd at the end of 2017, overtaking output by top exporter Saudi Arabia.

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