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Home » News » Brokerage Recos - Commodities

Feb 17, 2017, 02.26 PM | Source: Moneycontrol.com

Crude Oil to trade in 3509-3635 range: Achiievers Equities

According to Achiievers Equities, Crude Oil rose after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts.

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Crude Oil to trade in 3509-3635 range: Achiievers Equities

According to Achiievers Equities, Crude Oil rose after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts.

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Achiievers Equities' report on Crude Oil

Crudeoil trading range for the day is 3509-3635.

Crude oil rose after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts.

OPEC and other exporters including Russia agreed last year to cut output by 1.8 million barrels per day (bpd) to reduce a price-sapping glut.

Global inventories are bloated and supplies high, especially in the United States.

BUY CRUDEOIL FEB 2017 @ 3540 SL 3500 TGT 3595-3630.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.

To read the full report click here

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Crude Oil to trade in 3509-3635 range: Achiievers Equities

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