Crude oil boom due to Production decreases in the US.Crude oil has risen and its price has reached the top of 10 days. Brent Crude has gone across $ 47. Prices have been supported by the decline in production in the US. Crude oil prices are also getting increased due to the loss of gasoline stock. WTI crude has gone up by 45% to $ 45. In fact, the production of crude oil in the US last week has reduced nearly one million barrels.
At present, crude oil is trading above Rs 2,910 on the MCX with a surge of 0.15% today.
@Buy Crude July Future above 2910 targets 2935, 2950 Stop Loss 2889.