EPIC RESEARCH MCX CRUD OIL UPDATE OF 01 June 2018

Crudeoil trading range for the day is 4430-4656.

Crude oil prices settled lower despite a massive draw in U.S. crude supplies as domestic output continued to expand.

U.S. crude stockpiles fell 3.6 million barrels last week, the EIA said, exceeding expectations for a decline of 525,000 barrels.

The American Petroleum Institute said that U.S. oil inventories rose by 1 million barrels last week.

Japan's crude oil imports in April fell 8.8 percent from a year earlier to 15.36 million kilolitres (3.22 million barrels per day), the data showed.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+