According to Achiievers Equities, Crude oil gained on short covering with the market sentiment changed as OPEC is indeed trimming the oil supply.
Crude oil trading range for the day is 3516-3614.
Crude oil gained on short covering with the market sentiment changed as OPEC is indeed trimming the oil supply.
Concerns also seen about rising supply from U.S. shale output overshadowed an OPEC-led effort to cut global output.
The dollar strengthened after Janet Yellen said she expects central bankers to raise interest rates at an upcoming meeting.
BUY CRUDEOIL FEB 2017 @ 3520 SL 3480 TGT 3556-3595.MCX.
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