MCX Crude Oil futures open in red amid OPEC’s decision to maintain supply restraints; analyst recommends buy for this target
Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities, recommends a buy on Oil Futures at Rs 5750 per barrel with a stop loss at Rs 5650 and target price at Rs 5900
Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply, a Reuters report said. Source: Reuters