EPIC RESEARCH MCX CRUDE OIL UPDATE OF 21 JULY 2016

Posted by Farhan Khan on 12:50:00 with No comments

Crudeoil trading range for the day is 2978-3178.              
Crude staging a sharp reversal after a larger than expected draw in US stockpiles last week.    
EIA said that commercial crude inventories declined by 2.342mbls for the week ending on July 15.       
At the Cushing Oil Hub in Oklahoma, crude inventories rose by 189,000 barrels, defying expectations for a 100,000 decline.
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