EPIC RESEARCH MCX CRUDEOIL UPDATE OF 22 June 2018

Crudeoil trading range for the day is 4343-4581.

crude oil recovered on short covering after prices dropped as crude exporters in OPEC appeared to be nearing a deal to increase production.

We need to release supply to the market," Saudi Arabian Energy Minister Khalid al-Falih told reporters in Vienna.

OPEC's leader Saudi Arabia and Russia were trying to convince fellow oil producers to raise output from July to meet rising global demand.

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