Moneycontrol
Apr 20, 2017 12:12 PM IST | Source: Moneycontrol.com

Expect crude oil prices to trade negative: Sushil Finance

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


Sushil Finance's report on Crudeoil


Oil fell to a two-week low on Wednesday, after a surprising build in U.S. gasoline inventories and a rise in domestic crude output that is partially offsetting cutbacks by other countries trying to reduce a global glut.


Outlook


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


For all commodities report, click here


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