Moneycontrol
May 18, 2017 12:14 PM IST | Source: Moneycontrol.com

Expect crude oil prices to trade negative: Sushil Finance

According to Sushil Finance, We expect crude oil prices to trade negative on the back of profit booking after sharp up-move in prices.


Sushil Finance's report on Crudeoil


Oil prices settled at a two-week high on Wednesday after U.S crude inventories declined for the sixth straight week, a positive sign for markets ahead of next week's OPEC meeting, where major oil producers are expected to extend supply cuts.


Outlook


We expect crude oil prices to trade negative on the back of profit booking after sharp up-move in prices.


For all commodities report, click here


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