EPIC RESEARCH MCX Crudeoil UPDATE OF 7 March 2019

Crudeoil trading range for the day is 3852-4020.

* Crude oil dropped after U.S. government data showed an unexpectedly sharp build in crude inventories.

* U.S. crude oil stockpiles rose much more than expected last week, while gasoline and distillate inventories fell more than forecast.

* U.S. crude inventories rose by 7.3 million barrels in the week ending March 1 to 451.5 million, compared with expectations for an increase of 1.2 million barrels, API said.

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