MTECHTIPS;-Crude oil to trade in 2731-2933

MTECHTIPS;-Crude oil to trade in 2731-2933

MTECHTIPS-Crude oil trading range for the day is 2731-2933. Crude oil prices fell after news of increases in supply by several key producers. U.S. crude oil inventories fell 2.720 million barrels, the API said, more than expected compared to an expected drop of 2.106 million barrels seen. U.S. drillers last week added rigs for the 22nd week in a row, according to data implying that further gains in domestic production are ahead. SELL CRUDE OIL JUL 2017 @ 2830 SL 2870 TGT 2790-2755. MCX.

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