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