Moneycontrol Be a Pro
Get App
Last Updated : Jan 25, 2017 12:12 PM IST | Source: Moneycontrol.com

Crude oil to trade in 3579-3691 range: Achiievers Equities

According to Achiievers Equities, Crude oil edged higher amid ongoing signs that major oil producers are sticking to their pledge to cut back output.


Achiievers Equities' report on Crude oil

Crude oil trading range for the day is 3579-3691.  

Crude oil edged higher amid ongoing signs that major oil producers are sticking to their pledge to cut back output.  

Saudi Arabia's oil output is likely to drop to around 9.9 million bpd in January, according to industry sources and shipping data.  

U.S. crude stocks rose 2.9 million barrels more than the 2.8 million barrels build expected, estimates from the American Petroleum Institute (API) showed.  

BUY CRUDE FEB @ 3610 SL 3570 TGT 3656-3690.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.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jan 25, 2017 12:12 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant