EPIC RESEARCH MCX CRUDE OIL UPDATE OF 20 JUNE 2017

Crudeoil trading range for the day is 2857-2953. Crude oil dropped weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies. Traders said the main factor driving prices lower was a steady rise in U.S. production undermining the OPEC-led effort.Japan's customs-cleared crude oil imports fell 13.5 percent in May from the same month a year earlier, to 2.83 million bpd, the Ministry of Finance said.

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