Crude Oil to trade in range of 3038-3558: Achiievers Equities

According to Achiievers Equities, Crude oil prices jumped more than 8 percent to a five-week high as OPEC has agreed its first limit on oil output since 2008.
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Dec 01, 2016, 05.48 PM | Source: Moneycontrol.com

Crude Oil to trade in range of 3038-3558: Achiievers Equities

According to Achiievers Equities, Crude oil prices jumped more than 8 percent to a five-week high as OPEC has agreed its first limit on oil output since 2008.

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Crude Oil to trade in range of 3038-3558: Achiievers Equities

According to Achiievers Equities, Crude oil prices jumped more than 8 percent to a five-week high as OPEC has agreed its first limit on oil output since 2008.

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Achiievers Equities report on Crudeoil

Crudeoil

Crudeoil trading range for the day is 3038-3558.

Crude oil prices jumped more than 8 percent to a five-week high as OPEC has agreed its first limit on oil output since 2008.

OPEC agreed on a proposal by member Algeria to reduce production by around 4.5 percent, or about 1.2 million barrels per day.

The source added that OPEC had also suspended Indonesia from OPEC and hence the exact combined reduction was yet to be calculated.

BUY CRUDE OIL DEC ABV 3380 SL BELOW 3342 TGT 3416-3448. 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 range of 3038-3558: Achiievers Equities

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