Moneycontrol
Jan 12, 2017 01:42 PM IST IST | Source: Moneycontrol.com

Crude oil to trade in 3436-3674 range: Achiievers Equities

According to Achiievers Equities, Crude oil rose boosted as the U.S. dollar weakened and on news that Saudi Arabia had cut exports to Asia.

Achiievers Equities' report on Crude oil

Crude oil trading range for the day is 3436-3674.  

Crude oil rose boosted as the U.S. dollar weakened and on news that Saudi Arabia had cut  exports to Asia.  

EIA said U.S. crude inventories increased by 4.1 million barrels last week.  

U.S. crude production was projected to rise by 110,000 barrels per day in 2017 to 9  million bpd, according to EIA data.  

BUY CRUDE OIL JAN @ 3560 SL 3520 TGT 3620-3680.MCX.  

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