Determine Today’s Crude Trading Range

Crude oil gained on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas.

OPEC’s vow to cut production lifted oil to its highest since mid-2015, but the rally stalled due a strong U.S. dollar.

Daily get top news updates and profitable mcx free tips trading calls.

The American Petroleum Institute said that crude inventories in the U.S. fell by 4.15 million barrels at the end of last week.

Thus: Crude oil trading range for the day is 3564-3710.

Read daily news updates about commodity market updates from MCX HNI Tips blog

 

crude trading calls tradeindia research