According to Angel Broking, Crude Oil On Tuesday, WTI Crude prices ended lower by 0.11 percent to close at $56.8 per barrel.
Angel Broking's report on Crude Oil
Crude Oil On Tuesday, WTI Crude prices ended lower by 0.11 percent to close at $56.8 per barrel. Prices have been under pressure as uncertainties around the 16-month long trade war between the United States and China sapped the demand prospects for oil. Prices were further pressurized over a consecutive build up in the U.S. Crude inventory levels. U.S. President Donald Trump stated that they were nearing a trade deal with China; however, lack of information on the same weighed on the outlook of the global economic growth and pushed the prices lower.
Weak economic data posted by China amid fading optimism over a possible trade deal between U.S. & China might weigh on Crude prices. On the MCX, oil prices are expected to trade lower today; international markets are trading lower by 0.12 percent at $56.73 per barrel.
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.
Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.