Crude oil trading range for the day is 3270-3350.
Crude oil gained more than 1% as support seen on the combination of optimism surrounding this week’s OPEC meeting and a generally stronger Euro tone.
Prices getting support from expectations that OPEC would extend its production cuts for a further nine months at its meeting on May 25th.
NYMEX open interest was at another one-year high which indicates that overall market volatility is likely to remain at elevated levels.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
Crude oil gained more than 1% as support seen on the combination of optimism surrounding this week’s OPEC meeting and a generally stronger Euro tone.
Prices getting support from expectations that OPEC would extend its production cuts for a further nine months at its meeting on May 25th.
NYMEX open interest was at another one-year high which indicates that overall market volatility is likely to remain at elevated levels.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
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