EPIC RESEARCH MCX CRUDE OIL UPDATE OF 05 JANUARY 2018

Crudeoil trading range for the day is 3878-3972.Crude oil prices gained after data showing crude stockpiles fell for the seventh-straight week offset a larger than expected build in product inventories. Freezing weather in the United States has also spurred short-term demand, especially for heating oil. U.S. Commercial crude inventories fell by 7.4 million barrels, to 424.46 million barrels, according to data from the Energy Information Administration.









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