EPIC RESEARCH MCX Crudeoil UPDATE OF 31 AUGUST 2018

Crudeoil trading range for the day is 4898-5064.

* Crude oil gained on growing evidence of serious disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.

* Prices remained supported on widespread perceptions that the global oil market is tightening and may run short in the next few months.

* Iranian crude exports will likely drop to just over 2 mbpd in August, versus a peak of 3.1 mbpd in April, as importers bow to American pressure to cut orders.


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