MTECHTIPS:-Crude oil to trade in 3561-3671 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3561-3671. Crude oil prices traded in range as fresh sanctions on Iran imposed by the U.S. Treasury were seen as a first salvo in a wider split. Comments by Russian energy minister that oil producers had cut their output in accordance with a pact agreed in December also supporting prices. Novak also said Russian companies may cut oil production quicker than had been initially agreed with OPEC. BUY CRUDE OIL FEB 2017 @ 3600 SL 3560 TGT 3645-3685. MCX.

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