EPIC RESEARCH MCX CRUDEOIL UPDATE OF 10 July 2018

Crudeoil trading range for the day is 4970-5138.

Crude oil remained under as Canada's Syncrude operations are set to resume activity sooner than expected, while signs of rising U.S. output added to concerns.

Iran's oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices.

"Trump's order to OPEC members to increase production is a great insult to those governments and nations, and destabilises the market."

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