India, Sept. 23 -- Technically Crude Oil market is under short covering as market has witnessed drop in open interest by 2. 72% to settled at 1431 while prices up 32 rupees.
Now MCX Crude Oil is getting support at 2882 and below same could see a test of 2844 levels and resistance is now likely to be seen at 2962 a move above could see prices testing 3004.
Crude Oil yesterday settled up by 1.11% at 2920 as the latest tropical storm in the Gulf of Mexico lost strength but worries about fuel demand persisted with flare-ups around the globe in coronavirus cases.
U.S. crude oil stockpiles likely fell last week and gasoline stockpiles were expected to have fallen for a seventh consecutive week. U.S. crude oil production rose last week for the ...