Moneycontrol
Feb 16, 2017 11:20 AM IST | Source: Moneycontrol.com

Crudeoil to trade in 3504-3604 range: Achiievers Equities

According to Achiievers Equities, Crude oil prices fell as surge in inventories seen while market continues to welcome an effort to trim global supplies.

Crudeoil to trade in 3504-3604 range: Achiievers Equities
Achiievers Equities' report on Crudeoil

Crudeoil trading range for the day is 3504-3604.  

Crude oil prices fell as surge in inventories seen while market continues to welcome an effort to trim global supplies.  

US crude oil inventories jumped 9.5mbls last week taking the total to a record 518mbls, the EIA said Wednesday.  

OPEC said output in January fell 890,000bpd from December to 32.14mbpd, putting the supply and demand balance globally.  

BUY CRUDEOIL FEB 2017 @ 3530 SL 3480 TGT 3575-3610.MCX. 

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