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Last Updated : Nov 13, 2019 03:03 PM IST | Source:

Crude Oil prices are expected to trade lower today: Angel Broking

According to Angel Broking, Crude Oil On Tuesday, WTI Crude prices ended lower by 0.11 percent to close at $56.8 per barrel.

Broker Research @moneycontrolcom

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.

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First Published on Nov 13, 2019 03:03 pm
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