EPIC RESEARCH MCX CRUDEOIL UPDATE OF 04 July 2018

Crudeoil trading range for the day is 4905-5261.

Crude oil dropped as traders weighed the prospect of fresh supply flooding the market against an ongoing disruption in crude output.

OPEC saw June output at 32.32 million bpd, a survey showed, up 320,000 bpd from May.

The UAE's Abu Dhabi National Oil Co, said it is able to increase production by several hundred thousand bpd if needed.

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