Dec 02, 2016 11:46 AM IST IST | Source: Moneycontrol.com

Crude oil to trade in range of 3296-3658 : Achiievers Equities

According to Achiievers Equities, Crude oil gained as prices were boosted after the Organization of the Petroleum Exporting Countries reached an agreement to cut production.

Achiievers Equities' report on Crude oil

Crudeoil trading range for the day is 3296-3658.

Crude oil gained as prices were boosted after the Organization of the Petroleum Exporting Countries reached an agreement to cut production.

Saudi Arabia undertook the largest cut, slashing output by 486,000 bpd and dropping its demand that Iran cut its output.

Non-OPEC Russia will also join output reductions for the first time in 15 years.

SELL CRUDE OIL DEC BELOW 3500 SL ABV 3542 TGT 3468-3430. MCX.


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