EPIC RESEARCH MCX CRUDE OIL UPDATE OF 13 OCTOBER 2017

Crudeoil trading range for the day is 3231-3363.Crude oil prices settled lower as a bearish outlook on global oil demand for 2018 offset data showing U.S. crude oil stockpiles fell for the third-straight week.Inventories of U.S. crude fell by roughly 2.8m barrels in the week ended Oct. 6, handily beating expectations of a draw of 2m barrels. There will be a higher demand for oil in 2018 as a tighter market could led to a deficit next year, the Organization of the Petroleum Exporting Countries said.



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