MTECHTIPS;- Crude oil to trade in 2857-2953

MTECHTIPS;- Crude oil to trade in 2857-2953

MTECHTIPS-Crude oil trading range for the day is 2857-2953. Crude oil dropped weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies.Traders said the main factor driving prices lower was a steady rise in U.S. production undermining the OPEC-led effort. Japan’s customs-cleared crude oil imports fell 13.5 percent in May from the same month a year earlier, to 2.83 million bpd, the Ministry of Finance said. SELL CRUDE OIL JUL 2017 @ 2890 SL 3030 TGT 2856-2818. MCX.

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