Commodity Markets : Crude Oil Boom Global Market

Crude oil has rallied strongly. The prices in the global market has increased 0.5 per cent. While Russia’s oil minister Alexander Novak believes that $ 60 crude oil this year will run across. Novak earlier this month to 1.7 million barrels per day from oil producing countries is expected to cut production. However, is that the US has been increasing production.

The rise in crude oil in the domestic market trend. In the domestic market MCX Crude oil trading at 3605. So Intraday Trader can Buy Crude Oil February future Contract at 3600 to 3605 Targets 3635, 3655 Stop Loss 3571.