EPIC RESEARCH MCX CRUDE OIL UPDATE OF 13 June 2018

Crudeoil trading range for the day is 4403-4561.

Crude oil prices settled higher after a monthly report showed the Organization of the Petroleum Exporting Countries increased output last month.

OPEC said the oil market outlook in the second half of the year is highly uncertain even though the oil producers group's figures show a global glut is gone.

Russian production has reportedly climbed from below 11 million barrels per day (bpd) to 11.1 million bpd in early June.

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