EPIC RESEARCH MCX CRUDE OIL UPDATE OF 26 MAY 2016

Crudeoil trading range for the day is 3259-3383.              
Crude oil prices ended with gains after data showed that oil supplies in the U.S. fell more than expected last week.   
A series of outages around the world, such as wildfires in Canada and a spate of violence in Nigeria's oil-producing region, has helped cut global oil supply.            
U.S. crude stocks fell 4.2 million barrels to 537.1 million in the week to May 20, the steepest weekly drop in seven weeks, the EIA said   

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