EPIC RESEARCH MCX Crudeoil UPDATE OF 11 October 2018

Posted by Commodity Updates by Epic Research on 11:44:00 with No comments

Crudeoil trading range for the day is 5319-5643.

* Crude oil dropped after the IMF lowered its global growth forecasts.

* U.S. crude stockpiles rose more than expected last week, while gasoline inventories increased and distillate stocks drew, API data showed.

* Crude inventories climbed by 9.7 million barrels in the week to Oct. 5 to 410.7 million, compared with expectations for an increase of 2.6 million barrels.

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