EPIC RESEARCH MCX CRUDE OIL UPDATE OF 28 JUNE 2016

Crudeoil trading range for the day is 3042-3312.              
Crude oil prices dropped, extending sharp declines after Britain's vote to leave the European Union sparked a sharp selloff in global markets on Friday.        
Of more concern to the market is a building refined products glut, especially in Asia.  
There is a possibility that refiners dial back production and curb orders for their main feedstock crude oil, potentially weighing on prices.

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