Moneycontrol
Mar 21, 2017 01:37 PM IST | Source: Moneycontrol.com

Expect crude oil prices to trade positive: Sushil Finance

According to Sushil Finance, expect crude oil prices to trade positive on the back of short covering after drop in prices.

Expect crude oil prices to trade positive: Sushil Finance

Sushil Finance' report on Crudeoil


Oil prices slipped on Monday, despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing U.S. oil output and high inventories.


Prices briefly surged into positive territory after sources within the group said the Organization of the Petroleum Exporting Countries was considering extending production cuts into the second half of 2017.


Outlook


We expect crude oil prices to trade positive on the back of short covering after drop in prices.


For all commodities report, click here


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