Moneycontrol
Jan 11, 2017 01:11 PM IST | Source: Moneycontrol.com

Crude oil to trade in 3454-3604 range: Achiievers Equities

According to Achiievers Equities, Crude oil dropped as market players looked ahead to weekly data from the U.S. on stockpiles of crude and refined products.

Achiievers Equities' report on Crude oil

Crudeoil trading range for the day is 3454-3604.  

Crude oil dropped as market players looked ahead to weekly data from the U.S. on stockpiles of crude and refined products.  

API said that crude oil stocks rose 1.5 million barrels last week, above a forecast of a  900,000 barrels build.  

EIA expects U.S. crude oil production in 2018 to rise by 300,000bpd yoy, according to its  monthly short term energy outlook released  

SELL CRUDE OIL JAN @ 3560 SL 3600 TGT 3520-3480.MCX. 

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