Moneycontrol
Sep 12, 2017 12:03 PM IST | Source: Moneycontrol.com

Expect Crude Oil 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 to trade positive: Sushil Finance

Sushil Finance's commodity report on Crude Oil


Oil prices rose on Monday as key U.S. refineries began restarts following Hurricane Harvey, which may help revive crude oil processing, while fuel prices fell as Hurricane Irma is likely to clip demand for gasoline and diesel.The possibility of an extension to the 15-month production pact between members of the Organization of the Petroleum Exporting Countries and non-OPEC producers also helped to support prices, traders said.

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


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.

Sections
Follow us on
Available On