EPIC RESEARCH MCX CRUDE OIL UPDATE OF 23 NOVEMBER 2017

Crudeoil trading range for the day is 3656-3818. Crude oil prices settled higher after data showed crude stockpiles fell, while a disruption in Canada lifted sentiment. Inventories of crude fell by roughly 1.9mbls for the week ended Nov. 18, beating expectations of a draw of 1.6mbls. US is unlikely to export 2mbpd of crude on a sustained basis in the near-term despite reaching record levels in October.

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