EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 DECEMBER 2017

Crudeoil trading range for the day is 3675-3769. Crude oil prices settled higher as investors continued to cheer mostly positive EIA inventory data. Data showed a 6.5 million-barrel fall in U.S. crude inventories in the week to Dec. 15 to 436 million barrels, the lowest level since October 2015. Outweighing this was another increase in American crude oil production, while a rise in gasoline stocks pointed to a slowdown in demand.









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