February 23, 2017 / 12:57 IST
Achiievers Equities' report on Crudeoil
Crudeoil trading range for the day is 3542-3692.
Crude oil prices fell sharply as investors looked ahead to weekly data from the U.S. on stockpiles of crude and refined products.
Crude inventories fell by 884,000 barrels in the week to Feb. 17 to 512.7 million, compared with expectations for an increase of 3.5 million barrels, data from API showed.
Crude stocks at the Cushing, Oklahoma, delivery hub were down by 1.7 million barrels and U.S. crude imports fell last week by 1.5 mbpd to 7.398 mbpd, according to the API.
BUY CRUDEOIL MAR 2017 @ 3580 SL 3540 TGT 3620-3660.MCX.
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.
Read More
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
