MCX Crude Trading range and latest report for best Trading

Crudeoil trading range for the day is 3107-3425.Crude oil prices rose as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.Markets were being supported by advancing plans by OPEC to cut production in a bid to prop up the market following over two years of low prices.

Such a deal has proved tricky to agree as some producers, most notably Iran, have been reluctant to cut output.

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