EPIC RESEARCH MCX CRUDE OIL UPDATE OF 23 OCTOBER 2017

Crudeoil trading range for the day is 3301-3415. Crude oil gained as political tensions in the Kurdistan region continued to disrupt crude supplies offsetting signs of wavering U.S. demand.Adding to a tightening U.S. market, tensions in the Middle East meant that a risk premium was being priced into oil markets. U.S. crude stocks fell last week while gasoline stocks increased and distillate inventories rose, the Energy Information Administration said.






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