DOLLAR ADVISORY MCX CRUDE OIL UPDATE OF 24 Nov 2016 - Dollar Advisory | Best Commodity Tips Provider

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Thursday 24 November 2016

DOLLAR ADVISORY MCX CRUDE OIL UPDATE OF 24 Nov 2016


Crude oil trading range for the day is 3245-3377.
Crude oil gains as support seen after the U.S. EIA reported a larger-than-expected U.S. oil inventory drawdown last week.
Crude oil inventories fell by 1.25 million barrels last week, the EIA said.
Meanwhile, traders continued to ponder a planned output cut by major producers, aimed at reducing a global supply glut and supporting prices.

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