EPIC RESEARCH MCX CRUDE OIL UPDATE OF 15 FEBRUARY 2018

Crudeoil trading range for the day is 3690-3916. Crude oil prices settled higher after data showing US oil supplies rose less than expected offset bearish product inventories data. Inventories of U.S. crude rose by 1.841 million barrels for the week ended Feb. 9, below expectations for a rise of 2.825 million barrels. The International Energy Agency said oil demand would grow by 1.4 million bpd in 2018, but adding that output growth could outpace demand.









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