EPIC RESEARCH MCX CRUDE OIL UPDATE OF 25 MAY 2017

Crudeoil trading range for the day is 3286-3392.Crude oil prices retreated slightly after inventory data while traders awaited the outcome of discussions in Vienna.Crude inventories fell 4.4mbls in the week ended May 19, while Gasoline inventories fell only 787,000 barrels.OPEC scheduled to decide whether to extend an agreement to cut world supply. Last meet OPEC had cut supplies by 1.8mbpd, not can extend same.

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