EPIC RESEARCH MCX Crudeoil UPDATE OF 16 August 2018

Posted by Commodity Updates by Epic Research on 12:10:00 with No comments

Crudeoil trading range for the day is 4609-4835.

* Crude oil prices under pressure after data showed U.S. crude stockpiles jumped last week, compounding worries about a weaker global economic growth outlook.

* U.S. crude inventories rose unexpectedly last week, climbing 6.8 million barrels in spite of refinery crude runs hitting a record high.

* Signs of slowing economic growth and lower fuel demand increases, especially in Asia’s large emerging markets are weighing on the oil markets.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > 911 133 9000

Connect with our social media sites