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Thursday, 8 March 2018

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 08 MARCH 2018


Crude oil trading range for the day is 3863-4119. Crude oil prices moved lower after the EIA report showed an inventory buildup for the second straight week. The U.S. Energy Information Administration said in its weekly report that crude oil inventories increased by 2.4 million barrels in the week ended March 2. The API reported that crude oil inventories rose by 5.66 million barrels in the week ended March 2, compared to expectations for an increase of 2.70 million barrels.

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