According to Achiievers Equities, Crude oil dropped weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies.
Achiievers Equities' commodity report on Crudeoil
Crudeoil trading range for the day is 2857-2953.
Crude oil dropped weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies.
Traders said the main factor driving prices lower was a steady rise in U.S. production undermining the OPEC-led effort.
Japan's customs-cleared crude oil imports fell 13.5 percent in May from the same month a year earlier, to 2.83 million bpd, the Ministry of Finance said.SELL CRUDEOIL JUL 2017 @ 2890 SL 3030 TGT 2856-2818.MCX.
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