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Tuesday, 31 July 2018

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 31 JULY 2018

Crude oil trading range for the day is 4659-4925. Crude oil prices ended with gains as investor concerns over global crude supply supported sentiment. Saudi Arabia said it was temporarily halting all oil shipments through the Red Sea shipping lane of Bab al-Mandeb after an attack on two big oil tankers. U.S. energy companies added three oil rigs in the week to July 27, the first time in the past three weeks that drillers have increased activity.

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