EPIC RESEARCH MCX CRUDE OIL UPDATE OF 27 APRIL 2018

Crude oil trading range for the day is 4480-4616. Crudeoil traded in the range while some support seen buoyed by the possibility that the U.S. will reimpose sanctions on Iran. Markets continued to price in potential disruptions to world oil supplies if the United States withdraws from the 2015 Nuclear Accord with Iran. Sentiments remain firm as Middle East geopolitical uncertainty disrupting global supplies has propelled crude oil prices above three-year highs despite ongoing U.S. oil expansion.

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