EPIC RESEARCH MCX CRUDE OIL UPDATE OF 25 MAY 2018

Crude oil trading range for the day is 4786-4952. Crude prices edged lower as concerns over a rise in U.S. oil inventories and record weekly domestic production weighed. U.S. oil inventories rose by 5.8 million barrels in the week to May 18 to 438.1 million barrels. OPEC may decide to raise oil output as soon as June after Washington raised concerns the oil rally was going too far.

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