EPIC RESEARCH MCX Crudeoil UPDATE OF 7 February 2019

Posted by Commodity Updates by Epic Research on 11:52:00 with No comments

Crudeoil trading range for the day is 3760-3954.

* Crude oil gained after weekly U.S. government data revealed smaller-than-expected increases in domestic crude and gasoline supplies.

* Global economic worries have weighed on market sentiment in recent days, offsetting support from signs that global supplies are tightening.

* U.S. crude stocks rose even as refineries boosted output, while gasoline and distillate stocks increased, data from the American Petroleum Institute showed.

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