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Home » News » Brokerage Recos - Commodities

Feb 15, 2017, 11.53 AM | Source: Moneycontrol.com

Expect Crude Oil prices to trade lower today: Angel Commodities

According to Angel Commodities, expect oil prices to trade lower today, international markets are trading lower by half a percent at $52.89 per barrel.

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Expect Crude Oil prices to trade lower today: Angel Commodities

According to Angel Commodities, expect oil prices to trade lower today, international markets are trading lower by half a percent at $52.89 per barrel.

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Angel Commodities report on Crude Oil

WTI oil prices rose by half a percent to close at $53.2 per barrel as evidence of surging U.S. crude oil stockpiles underscored concerns that shale production might limit the effectiveness of an OPEC-led effort to cut global output.

Outlook

We expect oil prices to trade lower today, international markets are trading lower by half a percent at $52.89 per barrel. Besides, rising inventories in the US creates a cause of concern for oil markets. On the MCX, oil prices are expected to trade lower today.

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The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Expect Crude Oil prices to trade lower today: Angel Commodities

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