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Wednesday 5 September 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 05 September 2018

Crudeoil trading range for the day is 4912-5164.

* Crude oil settled flat paring all of its gains on report of rising supplies at Cushing, Okla after prices rallied on expectations for supply disruptions

* Prices earlier seen supported after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane.

* Increased evidence of supply risks continues to push oil prices, as additional US sanctions on Iran begin to bite while stalled Russian output levels combined with dwindling supplies.

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