MTECHTIPS:-Crude oil to trade in 3501-3595 range: Achievers Equities

MTECHTIPS:-Crude oil to trade in 3501-3595 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3501-3595. Crude oil gained as a weaker dollar encouraged buying but investors remained cautious while the as number of U.S. oil rigs rose for the seventh straight week. Russian Energy Minister Alexander Novak said it was too early to say if the deal to reduce oil production would be extended beyond the end of June. Russia’s February oil output was unchanged from January at 11.11 million barrels per day (bpd), energy ministry data showed. BUY CRUDE OIL MAR 2017 @ 3560 SL 3520 TGT 3600-3640 .MCX.

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