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Monday 22 October 2018

EPIC RESEARCH MCX Crudeoil UPDATE OF 22 October 2018

Crudeoil trading range for the day is 5024-5190.

* Crude oil gained on signs of surging demand in China, although prices dropped on weekly basis on swelling U.S. inventories

* Saudi Arabia's crude oil exports in Aug rose to 7.210 million barrels per day from 7.120 million bpd in July, official data showed.

* U.S. crude stocks last week climbed 6.5 million barrels, the fourth straight weekly build, the U.S. Energy Information Administration said.

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