MCX Crude production Report by OPEC @ BUy Crude MCX Today

OPEC crude oil production for the first time in the last 8 years has agreed to cut. Under the draft, 32.5 million barrels of crude per day to bring down the production plan. While Iran, Nigeria and Libya have been exempted from the cut. Let me tell you the world’s total crude oil production of OPEC is 40 per cent. However, even in OPEC crude oil output reduction agreement, but the final decision at a meeting in November to be quite difficult to find.

Crude oil is starting boom now slow. About 1 percent in the global market price of Brent has fallen. The selling price on NYMEX dominate and fell 0.5 percent to $ 46.8 has arrived. Crude continues to boom in the domestic market. MCX Crude oil jumped nearly 3 percent is trading at Rs 3145.

@ Buy MCX Crude oil october around 3145 targets 3165, 3185 stop loss 3121.

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