EPIC RESEARCH MCX Crudeoil UPDATE OF 07 September 2018

Crudeoil trading range for the day is 4751-5039.

* Crude oil prices settled lower as a draw in U.S. crude supplies was offset by sharp builds in product inventories.

* Inventories of U.S. crude fell by 4.302 million barrels for the week ended Aug. 31, beating expectations for a draw of 1.294 million barrels

* The Organization of the Petroleum Exporting Countries said it expected global oil demand to break through 100 million bpd for the first time this year.


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