EPIC RESEARCH MCX Crudeoil UPDATE OF 05 October 2018

Crudeoil trading range for the day is 5353-5711.

* Crude oil dropped pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output.

* U.S. crude inventories surged by around 8 million barrels last week to about 404 million, marking the largest rise since March 2017.

* U.S. weekly Midwest refinery utilization rates dropped to 78.9 percent, their lowest since October 2015, according to the data.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > 7316642316

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+