EPIC RESEARCH MCX CRUDE OIL UPDATE OF 20 AUGUST 2018

Crude oil trading range for the day is 4531-4691. Crude oil prices ended with gains amid reports the U.S. and China are mapping out plans to resolve their trade war later this year. Data showing a large build in U.S. inventories fostered fears about the outlook for fuel demand. U.S. data showed crude output rose by 100,000 barrels per day to 10.9 million bpd in the week ending Aug. 10. Crude inventories increased by 6.8 million barrels, representing the largest weekly rise since March last year.

Subscribe now for best COMMODITY TIPS

For quick free trial click here < 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+