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MTECHTIPS;-Crude oil to trade in 2884-3112 range: Achievers Equities

Wednesday, September 28, 2016 4:56

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MTECHTIPS;-Crude oil to trade in 2884-3112 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 2884-3112. Crude oil dropped sharply after both Iran and Saudi Arabia played down expectations for a deal to freeze or cut oil production. Saudi Arabia’s Energy Minister Khalid al-Falih said that talks among OPEC and non-OPEC oil producers in Algiers this week are consultative. Oil prices drew support from data from industry group the American Petroleum Institute that showed crude stocks fell 752,000 barrels. SELL CRUDE OIL OCT @ 3020 SL 3060 TGT 2978-2940. MCX.

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