MTECHTIPS:-Crude oil to trade in 3405-3497

MTECHTIPS:-Crude oil to trade in 3405-3497

MTECHTIPS-Crude oil trading range for the day is 3405-3497. Crude oil prices dropped as prices gave back some of its gain despite bullish data showing a surprise inventory draw. EIA said in its weekly report that crude oil inventories fell by 2. 166 million barrels in the week ended April 7. Prices were boosted earlier after the reports that Saudi has told officials from the OPEC that it wants to extend an agreement to cut output. SELL CRUDE OIL APR 2017 @ 3418 SL 3460 TGT 3385-3340. MCX.

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