MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 01-06-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 01-06-2017
MTECHTIPS Mcx Crudeoil trading range for the day is 3032-3244.Crude oil dropped as rising Libyan production fueled concerns that OPEC-led output cuts are being undermined by several countries that are excluded from the deal.Data from the American Petroleum Institute (API) showed crude inventories were down by 8.7 million barrels at 513.2 million in the week to May 26.Libyas oil production is expected to rise to 800,000 bpd, state-run National Oil Corporation said, which is likely to boost the countrys exports.
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