EPIC RESEARCH MCX CRUDE OIL UPDATE OF 07 JULY 2017

Crudeoil trading range for the day is 2879-3053.Crude oil gained buoyed by data showing that supplies of U.S. crude fell by more than expected.U.S. crude inventories fell by 6.3 million barrels in the week to June 30, to 502.9 million barrels, according to the U.S. Energy Information Administration. Data from the API showed U.S. crude inventories fell more sharply than expected, down 5.8 million barrels, against expectations for a draw of 2.3 million barrels.

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