India, Jan. 15 -- Technically Crude Oil market is under fresh buying as market has witnessed gain in open interest by 5. 02% to settled at 1798 while prices up 28 rupees.
Now MCX Crude oil is getting support at 3845 and below same could see a test of 3791 levels and resistance is now likely to be seen at 3931 a move above could see prices testing 3963.
Crude Oil yesterday settled up by 0.72% at 3899 on hopes big stimulus from the Biden administration and the Covid vaccination drive will help lift energy demand.
U.S. crude oil stockpiles last week fell more than expected while gasoline and distillate inventories rose as refiners ramped up output to its highest level since August the Energy Information Administration said.
Crude inventori...