EPIC RESEARCH MCX Aluminium UPDATE OF 06 September 2018

Crudeoil trading range for the day is 4884-5014.

* Crude oil dropped as a tropical storm hitting the U.S. Gulf coast weakened, offsetting support from forecasts of lower U.S. inventories and sanctions against Iran.

* OPEC Secretary-General Mohammad Barkindo said that world oil consumption would hit 100 million barrels per day later this year, “much sooner” than earlier projected.

* U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption, data from industry group the American Petroleum Institute showed.

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