EPIC RESEARCH MCX CRUDE OIL UPDATE OF 21 JULY 2017

Crudeoil trading range for the day is 2999-3103. Crude oil dropped amid uncertainty ahead of the OPEC meeting next week offset recent data showing a drop in U.S. crude stockpiles for the third-straight week. From the U.S. Energy Information Administration showed a large drop in domestic crude and gasoline supplies.U.S. oil inventories fell by 4.7 million barrels at the end of last week to 490.6 million barrels, more than the expected drop of around 3.2 million barrels.




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