Moneycontrol
Jun 16, 2017 01:11 PM IST | Source: Moneycontrol.com

Expect crude oil prices to trade negative: Sushil Finance

According to Sushil Finance, expect crude oil prices to trade negative on the back of unexpected large build in gasoline inventories.

Expect crude oil prices to trade negative: Sushil Finance

Sushil Finance's report on Crudeoil


Crude Oil prices settled lower for a second straight day on Thursday, as the market was unable to rebound from Wednesday's decline on the back of a surprise build in U.S. gasoline inventories and ongoing worries about heavy global supply.


Outlook


We expect crude oil prices to trade negative on the back of unexpected large build in gasoline inventories.


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