EPIC RESEARCH MCX CRUDEOIL UPDATE OF 26 July 2018

Crudeoil trading range for the day is 4619-4841.

* Crude oil prices settled higher as concerns about oversupply eased amid expectations U.S. oil stockpiles fell last week.

* Saudi Arabia and large producers are ramping up output to offset losses that are likely to come as the November deadline approaches.

* The market has also been dented by concerns about the impact on global economic growth and energy demand of escalating disputes over global trade.


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