EPIC RESEARCH MCX CRUDE OIL UPDATE OF 17 AUGUST 2016

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Crude oil trading range for the day is 2956-3188. Crudeoil gained to close above 3100 mark as tame inflation data continued to weigh on the US dollar Crude gained as investors find's the possibility that discussions at an energy forum next could help stabilize oil prices. API reported a bigger-than-expected 1mbl drop in US crude supplies that was unexpected, but gasoline supplies jumped 2.2mblFor more Accurate MCX TIPS ✆ – 0731-6642300

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