EPIC RESEARCH MCX CRUDE OIL UPDATE OF 21 JUNE 2016

Crudeoil trading range for the day is 3216-3464.              
Crude oil prices rallied as fears that Britain would vote to leave the European Union abated, aiding a recovery in investor risk appetite.    
Saudi Arabia's crude oil exports also dropped despite high production levels, suggesting demand remains in a deficit to supply.
The world's largest oil exporter and OPEC heavyweight produced 10.262 million bpd in April, compared with 10.224 million bpd a month earlier, the data showed.

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