EPIC RESEARCH MCX CRUDE OIL UPDATE OF 21 AUGUST 2017

Crudeoil trading range for the day is 2963-3181. Crude oil gained on the back of unconfirmed reports of a shutdown of one of the largest oil refineries in the U.S., easing investor concerns about the glut in supply. Drillers cut five oil rigs in the week to Aug. 18, bringing the total count down to 763, Baker Hughes said. However, crude oil inventories fell by 8.9 million barrels, according to the EIA figures, the seventh weekly decline in a row.

For MCX TIPS ✆ – 0731-6642300




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