Achiievers Equities report on Crude OilCrude Oil
Crude Oil trading range for the day is 3076-3366.
Crude Oil gained after Iraq’s oil minister said he was “optimistic” that Wednesday’s crunch OPEC meeting will yield an agreement on output cuts.
OPEC experts ended their meeting without agreeing on concrete details of a planned reduction in oil output by individual countries.
Saudi Arabian Energy Minister Khalid al-Falih said that he believed the oil market would balance itself in 2017 even if producers did not intervene.
SELL CRUDE OIL DEC BELOW 3240 SL ABV 3278 TGT 3212-3180. MCX
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