Crudeoil trading range for the day is 3567-3643.
Crudeoil traded in tight range as the market waits to see how OPEC manages its planned output cuts with Libya expecting to boost production.
Over the past few weeks, the OPEC and non-OPEC members agreed to lower output by almost 1.8mbpd from Jan. 1.While major OPEC producers including Saudi and Iraq have told customers that supply will be cut in line with the OPEC deal.
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Crudeoil traded in tight range as the market waits to see how OPEC manages its planned output cuts with Libya expecting to boost production.
Over the past few weeks, the OPEC and non-OPEC members agreed to lower output by almost 1.8mbpd from Jan. 1.While major OPEC producers including Saudi and Iraq have told customers that supply will be cut in line with the OPEC deal.
For COMMODITY TIPS ✆ – 0731-6642300
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