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.
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.
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.