EPIC RESEARCH MCX CRUDEOIL UPDATE OF 19 July 2018

Crudeoil trading range for the day is 4552-4778.

* Crude oil gained despite an unexpected build in crude stockpiles, as production was offset by signs of strong demand as product supplies fell.

* Crude prices were also supported by supply disruptions in the Middle East as rebels in Yemen attacked an oil facility in Saudi Arabia.

* Inventories of U.S. crude rose by 5.836 million barrels for the week ended July 13, confounding expectations for a draw of 3.622 million barrels.

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