COMMODITY VIEWS ON CRUDE OIL BY PremiumStockTips, CALL 08040751836
CRUDE OIL :
Oil prices dropped on Friday as investors took profits following a 7 per cent rise in the last two sessions, amid doubts that OPEC’s first planned output cut in eight years would make a substantial dent in the global crude glut.
Brent crude futures had fallen 63 cents to $48.61 a barrel by 0645 GMT, after settling the previous session up 55 cents, or 1.1 per cent.
US crude, was down 58 cents at $47.25, after closing up 78 cents and having touched a one-month high of $48.32 in the previous session.
Buy Crude Oil MCX Oct
Target : Rs-3240
Stoploss : Rs-3165;
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