Moneycontrol
Nov 30, 2016 05:44 PM IST | Source: Moneycontrol.com

Crudeoil to trade in 2992-3316 range: Achiievers Equities

According to Achiievers Equities, Crude oil dropped on signs leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply.



Achiievers Equities report on Crudeoil


Crudeoil


Crudeoil trading range for the day is 2992-3316.


Crude oil dropped on signs leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply.


There remains disagreement among OPEC members over which producers should cut by how much.


Indonesian Energy Minister Ignasius Jonan said he was not sure OPEC would clinch a deal to limit oil output when it met.


SELL CRUDE OIL DEC @ 3145 SL ABV 3182 TGT 3110-3080. MCX.

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