EPIC RESEARCH MCX Crudeoil UPDATE OF 5 April 2019

Crudeoil trading range for the day is 4259-4385.

* Crude oil prices gained amid expectations of tight global supply outweighed pressure from rising U.S. inventories and production.

* Prices have been underpinned by U.S. sanctions on Iranian and Venezuelan crude, OPEC production cuts and rising global demand.

* The refinery maintenance season is also drawing to a close and that will provide further demand for crude.

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