EPIC RESEARCH MCX Crudeoil UPDATE OF 9 August 2018

Crudeoil trading range for the day is 4420-4842.

* Crude oil prices dropped after data showed U.S. crude stockpiles fell less than expected and U.S.-China trade tensions intensified.

* Crude inventories fell by 1.4 million barrels in the last week, compared with expectations for a decrease of 3.3 million barrels.

* China’s July crude oil imports recovered slightly in July after falling for the previous two months.

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