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Home » News » Brokerage Recos - Commodities

Feb 16, 2017, 12.32 PM | Source: Moneycontrol.com

Expect Crude Oil prices to trade lower today: Angel Commodities

According to Angel Commodities, on the MCX, oil prices are expected to trade lower today.

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Expect Crude Oil prices to trade lower today: Angel Commodities

According to Angel Commodities, on the MCX, oil prices are expected to trade lower today.

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Angel Commodities' report on Crude Oil

WTI oil prices fell by 0.2 percent to close at $53.1 per barrel as rising US supplies have been a major concern despite compliance by the OPEC towards supply cuts. U.S. oil producers sent a record 7 million barrels of crude out into the world market last week.

Outlook

We expect oil prices to trade lower today, international markets are trading lower by 0.1 percent at $53.07 per barrel as rising inventories in the US creates a cause of concern for oil markets. On the MCX, oil prices are expected to trade lower today.

For all commodities report, click here

Disclaimer: 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.

To read the full report click here

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Expect Crude Oil prices to trade lower today: Angel Commodities

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