Moneycontrol
Jun 20, 2017 12:45 PM IST | Source: Moneycontrol.com

Crudeoil to trade in 2857-2953: Achiievers Equities

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.

For all commodities report, click here


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