EPIC RESEARCH MCX CRUDEOIL UPDATE OF 14 Oct 2016

Crudeoil trading range for the day is 3269-3433.Crude oil prices gained after a U.S. government report showing hefty draws in diesel and gasoline offset the first crude inventory build in six weeks.
The U.S. Energy Information Administration (EIA) said crude stocks swelled 4.9 million barrels in the week ended Oct. 7.The EIA reported a drop of 3.7 million barrels for distillates, which include diesel and heating oil, and 1.9 million barrels decline for gasoline.


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