Moneycontrol
Nov 29, 2016 03:06 PM IST IST | Source: Moneycontrol.com

Crude Oil to trade in 3076-3366 range: Achiievers Equities

According to Achiievers Equities, 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.



Achiievers Equities report on Crude Oil

Crude 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

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.

Sections
Follow us on
Available On