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.
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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