EPIC RESEARCH MCX CRUDE OIL UPDATE OF 23 JUNE 2016

Crudeoil trading range for the day is 3188-3478.                                
Crude oil edged lower as shrugging off a smaller than expected decline in US stockpiles as the market waited with bated breath for the result of Britain's "Brexit" vote.                                
The U.S. Energy Information Administration said in its weekly report that crude oil inventoriesfell by 0.9 million barrels in the week ended June 17.     
Supplies at Cushing, Oklahoma, the key delivery point for Nymex crude, fell by 1.28 million barrels last week, the EIA said.

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