Moneycontrol
May 19, 2017 01:00 PM IST | Source: Moneycontrol.com

Expect Crude Oil prices to trade positive today: Angel Commodities

According to Angel Commodities, On the MCX, oil prices are expected to trade positive today, international markets are trading higher by 0.75 percent at $49.73 per barrel.

Expect Crude Oil prices to trade positive today: Angel Commodities

Angel Commodities' report on Crude Oil


WTI oil prices rose by 0.6 percent on Thursday to close at $49.4 per barrel s key producing countries suggested they would extend supply cuts to reduce an ongoing global crude glut.


Outlook


We expect oil prices to trade higher today continuing its positive momentum from the previous trading session as markets remain confident of production cuts by the OPEC as well as Non-OPEC nations. On the MCX, oil prices are expected to trade positive today, international markets are trading higher by 0.75 percent at $49.73 per barrel.


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.

X
Sections
Follow us on
Available On