EPIC RESEARCH MCX CRUDE OIL UPDATE OF 18 APRIL 2018

Crude oil trading range for the day is 4268-4418. Crude oil prices settled flat as investors looked ahead to fresh data on U.S. commercial crude inventories to gauge the strength of demand. Concerns over tensions in the Middle East waned with investors taking the view that Western-led strikes on Syria were a one-off intervention. The U.S. rig count, an early indicator of future output, is at its highest level since March 2015, underscoring worries about rising U.S. output.

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