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Last Updated : Dec 28, 2016 10:38 AM IST | Source: Moneycontrol.com

Crude oil to trade in 3589-3725 range: Achiievers Equities

According to Achiievers Equities, Crude oil gained drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers.

Achiievers Equities' report on Crude oil

Crude oil trading range for the day is 3589-3725

Crude oil gained drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers.

Jan. 1 brings the official start of the deal agreed by OPEC and non-OPEC members to lower production by almost 1.8 million barrels per day.

Russia's oil exports would rise by almost 5 percent this year to 253.5 million tonnes, and a "slight" increase was expected next year.

BUY CRUDE OIL JAN @ 3630 SL 3600 TGT 3680-3720.MCX

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First Published on Dec 28, 2016 10:38 am
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