EPIC RESEARCH MCX CRUDE OIL UPDATE OF 18 JULY 2016

Posted by Farhan Khan on 12:54:00 with No comments
Crudeoil trading range for the day is 2992-3148.              
Crude oil rose after data from top energy consumers the United States and China boosted the oil demand outlook.    
Prices also seen supported after Turkey's armed forces said they had taken power in the country to protect the democratic order and to maintain human rights.            
Data from market intelligence firm Genscape showed a 171,511-barrel build at the Cushing, Oklahoma delivery hub for WTI futures during the week to July 12.

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