EPIC RESEARCH MCX Crudeoil UPDATE OF 29 October 2018

Crudeoil trading range for the day is 4821-5045.

* Crude oil prices recovered from lows supported by expectations that sanctions on Iran would tighten global supplies, but prices posted a weekly drop.

* Saudi Arabia's OPEC governor said the oil market could face oversupply in the fourth quarter.

* U.S. crude oil stockpiles rose last week for the fifth consecutive week, while gasoline and distillate inventories fell, the Energy Information Administration said.


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