EPIC RESEARCH MCX CRUDE OIL UPDATE OF 24 JUNE 2016

Crudeoil trading range for the day is 3270-3418.              
Crude rallied while volatility seen as investors braced for a narrow win for either side of the U.K. referendum to "Remain" or "Leave" the EU.    
Initial results in the U.K.'s referendum on membership of the EU shook markets' earlier conviction that the Remain camp was on the way to victory.   Crude production fell by 39,000 barrels per day to 8.677mbpd, falling for the 21st time over the last 22 weeks.

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