Thursday 28 July 2016

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 28 JULY 2016

11:47:00

Crudeoil trading range for the day is 2760-2954.
Crude oil prices dropped as pressure seen after the weekly US government report revealed an unexpected build in US crude inventories.
The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 1.7 million barrels in the week ended July 22. Supplies at Cushing, Oklahoma, the key delivery point for Nymex crude, rose by 1.11 million barrels last week, the EIA said.

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