EPIC RESEARCH MCX Crudeoil UPDATE OF 30 July 2018

Crudeoil trading range for the day is 4634-4836.

* Crude oil gained after Saudi Arabia suspended its oil shipments through a key Red Sea strait in response to an attack on two of its tankers.

* Saudi Arabia, said that it was "temporarily halting" all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb.

* Kuwait Oil Official says Kuwait are studying whether to halt oil exports through Bab El-Mandeb Strait, however no decision has been taken yet.

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