Moneycontrol
Jun 09, 2017 08:19 AM IST | Source: Moneycontrol.com

Crudeoil to trade in 3257-3353: Achiievers Equities

According to Achiievers Equities, Crude dropped but held the psychologically important $50 mark while concerns over rising US oil production seen.


Achiievers Equities' commodity report on Crudeoil


Crudeoil trading range for the day is 3257-3353.

Crude dropped but held the psychologically important $50 mark while concerns over rising US oil production seen.

OPEC members Saudi and Kuwait signaled that the OPEC, including Russia, would likely extend their oil output cut beyond June.

US crude oil production rose to 9.25mbpd, up almost 10% since mid-2016. US inventories of 532mbls remained near all-time records reached in March.

SELL CRUDE OIL @ 3315 SL ABV 3355 TGT 3280-3251. MCX (STBT)

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.

Sections
Follow us on
Available On