EPIC RESEARCH MCX CRUDE OIL UPDATE OF 24 AUGUST 2017

Crudeoil trading range for the day is 3036-3152. Crude oil gained as data showed U.S. supplies of crude oil fell for an eighth-straight week while fears of falling demand for gasoline eased. Prices also got support buoyed by potential output disruptions from a storm approaching the Gulf Coast. Inventories of U.S. crude fell by roughly 3.3m barrels in the week ended Aug 18, missing expectations of a draw of about 3.5m barrels.

For MCX TIPS ✆ – 0731-6642300




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