Moneycontrol
May 17, 2017 12:26 PM IST | Source: Moneycontrol.com

Expect Crude Oil prices to trade lower today: Angel Commodities

According to Angel Commodities, We expect oil prices to trade higher today, international markets are trading lower by 1 percent at $48.2 per barrel as inve4strs will cautiously watch EIA stocks data after an unexpected surge in API inventory levels. On the MCX, oil prices are expected to trade lower today.


Angel Commodities' report on Crude Oil


WTI oil prices fell by 0.4 percent on Tuesday to close at $48.7 per barrel as the American Petroleum Institute (API) reported an unexpected build-up of 882,000 barrels in US crude oil inventories, compared to expectations of a draw of 2.3 million barrels for the week ending May 12.


Outlook


We expect oil prices to trade higher today, international markets are trading lower by 1 percent at $48.2 per barrel as inve4strs will cautiously watch EIA stocks data after an unexpected surge in API inventory levels. On the MCX, oil prices are expected to trade lower today.


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