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Friday 19 October 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 19 October 2018

Crudeoil trading range for the day is 4995-5171.

# Crude oil dropped as the fourth weekly increase in U.S. crude inventories suggested ample supply.

# U.S. crude inventories rose 6.5 million barrels, Wednesday, the fourth straight weekly increase and almost three times what had forecasted.

# Investors are concerned that Saudi Arabia could use oil supply to retaliate against its critics. -

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