Moneycontrol
Feb 17, 2017 02:26 PM IST | Source: Moneycontrol.com

Crude Oil to trade in 3509-3635 range: Achiievers Equities

According to Achiievers Equities, Crude Oil rose after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts.

Crude Oil to trade in 3509-3635 range: Achiievers Equities

Achiievers Equities' report on Crude Oil


Crudeoil trading range for the day is 3509-3635.


Crude oil rose after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts.


OPEC and other exporters including Russia agreed last year to cut output by 1.8 million barrels per day (bpd) to reduce a price-sapping glut.


Global inventories are bloated and supplies high, especially in the United States.


BUY CRUDEOIL FEB 2017 @ 3540 SL 3500 TGT 3595-3630.MCX


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