Crude prices may trade higher today: Angel Commodities

Angel Commodities has come out with its report on Crude Oil and Natural Gas. According to the research firm Crude oil prices are expected to trade higher today on the back of upbeat sentiments in the markets along with dollar weakness.

November 28, 2011 / 15:23 IST

Angel Commodities has come out with its report on Crude Oil and Natural Gas. According to the research firm Crude oil prices are expected to trade higher today on the back of upbeat sentiments in the markets along with dollar weakness.

Crude Oil
Nymex crude oil prices declined by 0.7 percent last week and touched a low of $94.99/bbl on Friday. A stronger dollar and weak global market sentiments due to rising worries over Euro Zone debt crisis exerted pressure on crude oil. But, further decline was cushioned on account of expected supply concerns due to political turmoil in the Middle East region. Additionally, geo-political tensions over Iran

first published: Nov 28, 2011 10:30 am

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