MTECHTIPS;-Crude oil to trade in 3542-3692 range: Achievers Equities

MTECHTIPS;-Crude oil to trade in 3542-3692 range: Achievers Equities

MTECHTIPS-Crude oil 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 CRUDE OIL MAR 2017 @ 3580 SL 3540 TGT 3620-3660. MCX.

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