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MCX Tips Today 3rd December

Crude oil prices dropped more than 4% on Wednesday on an unexpected rise in U.S. stockpiles that is compounding a global supply glut. Crude inventories rose for the tenth straight week putting pressure on prices of Crude oil. Saudi Arabia and its Gulf allies will reject calls from fellow OPEC members to cut oil output, Iran said on Wednesday. For Today’s session support for Crude oil is at Rs 2640 and 2580 while resistance for Crude Oil is at Rs 2750 and 2810.

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