EPIC RESEARCH MCX Crudeoil UPDATE OF 27 August 2018

Crudeoil trading range for the day is 4735-4891.

* Crude oil prices gained on signs that Iran sanctions may limit global supply and that a trade war may not curb China’s appetite for U.S. crude.

* The supply versus demand outlook for oil markets was relatively tight because of the looming U.S. sanctions against Iran, which will target oil exports from November.

* OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakhit al-Rashidi said.

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