EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 June 2018

Crudeoil trading range for the day is 4927-5183.

Crude gained bolstered by supply concerns due to U.S. sanctions that could cause a large drop in crude exports from Iran.

Unplanned supply disruptions from Canada to Libya and Venezuela also kept supporting prices.

U.S. crude stocks fell by nearly 10 million barrels, the most in nearly two years, as refiners processed a record amount of crude and exports also hit an all-time high.

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