EPIC RESEARCH MCX CRUDE OIL UPDATE OF 21 June 2018

Crudeoil trading range for the day is 4383-4581.

Crude oil settled higher buoyed by data showing a massive draw in U.S. crude supplies for the second-straight week.

Inventories of U.S. crude fell by 5.914 million barrels for the week ended June 15, topping expectations for a draw of 2.100 million barrels.

Iran's Oil Minister says he does not expect an agreement at this week's OPEC meeting. Says group is not taking instructions from US President calling for output increase

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