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Last Updated : Jun 19, 2017 12:42 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 unexpected large build in gasoline inventories.


Sushil Finance's report on Crudeoil


Crude Oil prices on Friday bounced up off the year's lows as some producers reduced exports and U.S. rig additions slowed, but the rebound was modest and crude posted its fourth weekly decline on persistent concerns about global oversupply.


Outlook


We expect crude oil prices to trade negative on the back of unexpected large build in gasoline inventories.


For all commodities report, click here


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First Published on Jun 19, 2017 12:42 pm
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