Nov 30, 2016 12:45 PM IST IST | Source: Moneycontrol.com

Crudeoil to trade in 3119-3313 range: Achiievers Equities

According to Achiievers Equities, Crude oil dropped dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group's meeting.


Achiievers Equities report on Crudeoil

Crudeoil

Crudeoil trading range for the day is 3119-3313.

Crude oil dropped dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group's meeting.

A decline in China's October crude oil imports to their lowest on a daily basis since January added to the bearish tone.

The oil minister of non-OPEC nation Azerbaijan said OPEC was also pushing oil producers outside the group to make big cuts in output.

SELL CRUDE OIL DEC BELOW 3175 SL ABV 3214 TGT 3132-3102. MCX.

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