Oct 18, 2016 12:34 PM IST IST | Source: Moneycontrol.com

Crudeoil to trade in 3263-3409 range: Achiievers Equities

According to Achiievers Equities,Crude oil prices dropped dragged lower by the increase in active oil rigs in the U.S. and a stronger greenback.

Achiievers Equities report on Crudeoil

Crudeoil

Crudeoil trading range for the day is 3263-3409.  

Crude oil prices dropped dragged lower by the increase in active oil rigs in the U.S. and a  stronger greenback.  

Iran's deputy oil minister said that OPEC's primary agreement to limit oil output at 32.5  mbpd was a small step but in right direction.  

A report by oil services provider Baker Hughes showed U.S. drillers added four rigs in the  week to Oct. 14.   

SELL CRUDE OIL OCT @ 3370 SL 3410 TGT 3330-3260.MCX. 

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