EPIC RESEARCH MCX CRUDE OIL UPDATE OF 18 JULY 2018

Crude oil trading range for the day is 4548-4742. Crude oil prices settled higher recovering from lows as traders turned attention to U.S. data that is expected to show another draw in stockpiles. The spectre of oversupply returned, with a rise of more than 600,000 barrels in U.S. crude stockpiles, reported by the American Petroleum Institute. While Libyan ports are reopening, output at the country's Sharara oilfield was expected to fall by at least 160,000 barrels per day (bpd).

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