MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 02-05-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 02-05-2017
MTECHTIPS Mcx Crudeoil trading range for the day is 3108-3190.Crude oil dropped as a recovery in Libyan output and rising U.S. supplies raised worries that OPEC-led production cuts may not significantly tighten a bloated market.Irans oil minister said that OPEC and non-OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back.Saudi Arabias Energy Minister Khalid al-Falih said there was consensus with Central Asia over oil markets and production levels.
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