EPIC RESEARCH MCX CRUD OIL UPDATE OF 05 June 2018

Crudeoil trading range for the day is 4280-4470.

Crude oil dropped as signs of ongoing expansion in U.S. output and uncertainty over whether OPEC would ease production limits continued to weigh on sentiment.

Crude oil remained under pressure as the market remained focused on the discussion between OPEC members about whether they should increase production later this year.

U.S. crude production rose in March to 10.47 million barrels per day (bpd), a monthly record, the Energy Information Administration said.

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