Friday, 23 February 2018

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 23 FEBRUARY 2018

Crude oil trading range for the day is 3924-4186.Crude oil prices settled higher after data showed US domestic oil supplies fell for the first time in four weeks as exports surged to record highs.Inventories of U.S. crude fell by 1.616 million barrels for the week ended Feb. 9, confounding expectations for a rise of 2.355 million barrels.The American Petroleum Institute reported an unexpected drop in U.S. crude oil inventories by 907,000 barrels to 420.3 million barrels.

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