EPIC RESEARCH MCX CRUDE OIL UPDATE OF 14 JULY 2016

Crudeoil trading range for the day is 2910-3186.              
Crude dropped sharply retreating back near two-month lows hurt by evidence of a global supply glut.                
Crude erased most of its gains when prices soared after forecasts from OPEC showed that world demand could increase              
EIA said in its Report that commercial crude inventories decreased by 2.5mbls last week for the week ending on July 8.

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