EPIC RESEARCH MCX CRUDE OIL UPDATE OF 02 FEBRUARY 2017

Crudeoil trading range for the day is 3534-3654. Crude oil traded with weakness after inventory data showed crude and gasoline stockpiles rose sharply. Support seen on signs that OPEC and other producers are holding the line on output cuts are helping support prices.  Crude inventories rose 6.5 million barrels in the week to Jan. 27, While Gasoline stocks climbed by 3.9 million barrels. 
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