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.
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.
For all commodities report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.