Crude Oil has gone up today, at MCX Crude Oil November future traded at Rs 5034 with 0.98% gain. Edge in Crude oil price has also seen in international market. At NYMAX Crude moved above $81 while Brent crude oil traded above $86.
Today US energy department report is likely to come. Meanwhile, Barclays has also slashed crude estimate. According to Barclays WTI Crude price $78 and Brent crude price may remain $88 per barrel in first quarter of next year. At MCX Natural gas November future traded at 29.50 down 0.04%.
Buy Crude Oil 19NOV2014 above 5040 target 5114.33 stop loss 4966.