EPIC RESEARCH MCX CRUDE OIL UPDATE OF 17 JUNE 2016

Crudeoil trading range for the day is 3056-3250.              
Crude oil dropped amid nervousness ahead of the UK Brexit referendum, and as US crude reserves shrank less than expected.          
In the US, stockpiles slipped by 933,000 barrels over the week to June 10, the official government data by the Energy Information Administration said.          Meanwhile, US crude oil production fell by 29,000 barrels to 8.716 million barrels per day, the lowest level since early September 2014.

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