EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 JUNE 2016

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Crudeoil trading range for the day is 3298-3402.              
Crude oil fell on profit booking and amid concerns that a possible British exit from the EU would impact global demand for energy products.    
New polls show the British will narrowly choose to remain in the EU, but risk aversion kept oi prices below $50.           
U.S. crude inventories fell by 5.2 million barrels for the week ended June 17, the API said.


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