EPIC RESEARCH MCX CRUDEOIL UPDATE OF 23 July 2018

Crudeoil trading range for the day is 4620-4800.

* Crude oil prices gained by a weaker dollar and signs of tightening in U.S. output.

* Oil prices were also boosted on forecasts that inventories at the U.S. oil delivery hub in Cushing, Oklahoma fell 1.8 million barrels.

* Saudi Arabia's OPEC Governor Adeeb Al-Aama said in a statement that the kingdom expects crude exports to fall by about 100,000 barrels per day in August.

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