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Home » News » Brokerage Recos - Commodities

Jan 13, 2017, 02.59 PM | Source: Moneycontrol.com

Crude oil to trade in 3508-3696 range: Achiievers Equities

According to Achiievers Equities, Crude oil gained on reports key OPEC members were starting to cut production as promised and on forecasts of strong demand growth in China.

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Crude oil to trade in 3508-3696 range: Achiievers Equities

According to Achiievers Equities, Crude oil gained on reports key OPEC members were starting to cut production as promised and on forecasts of strong demand growth in China.

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Achiievers Equities' report on Crude oil

Crude oil trading range for the day is 3508-3696.  

Crude oil gained on reports key OPEC members were starting to cut production as promised and on forecasts of strong demand growth in China.   

OPEC agreed in November to cut oil production to try to reduce a global supply glut that  has depressed prices for more than two years.  

OPEC member Iraq, said it had cut production by 160,000 barrels per day since the  beginning of January.  

BUY CRUDE OIL JAN @ 3590 SL 3550 TGT 3640-3690.MCX. 

For all commodities report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Crude oil to trade in 3508-3696 range: Achiievers Equities

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