EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 AUGUST 2017

Crude oil trading range for the day is 2885-3101.Crude oil prices dropped as Tropical Storm Harvey continued to disrupt refinery activity along the U.S. Gulf coast, adding to fears of an uptick in crude oil supplies.The U.S. National Hurricane Center (NHC) said that Harvey was moving away from the coast but was expected to linger close to the shore through Tuesday.Crude prices have been under pressure in recent weeks as concern over rising U.S. shale output canceled out production cuts by OPEC and non-OPEC members.




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