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