EPIC RESEARCH MCX CRUDE OIL UPDATE OF 11 June 2018

Crudeoil trading range for the day is 4372-4516.

Crude oil dropped amid signs of weakening demand in China and surging U.S. output weighed on markets despite support from supply woes in Venezuela.

Algeria's oil minister said OPEC would focus on balancing the market rather than on easing production curbs.

China's May crude oil imports eased away from a record high hit the month before, customs data showed.


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