Monday, 27 March 2017

Sell Crude Oil Rise On 3150-3160 Target 3130-3100 Stop Loss At 3175 - Ripples Advisory Pvt Ltd

Crude Oil on Friday 24th March 2017, Crude Oil April futures prices down by 1 pts closed at 3142, trading range between 3123-3159.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $ 48.10 a barrel. Crude prices rose modestly on Friday ahead of the weekend while still on track for weekly loss amid concerns about oversupply in the markets, heaping pressure on prices.

Data from Baker Hughes the oil service giant revealed that the number of active U.S. rigs drilling for oil rose by 21 to 652 rigs this week.

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