Till the final decision on November 30 meeting, one could expect to find a floor for crude oil prices, said Mriganka Jaipuriyar, Associate Editorial Director, Platts.
The current domestic demand for steel in China is very strong and so it is exporting less, which has aided the rally in steel prices, says Annalisa Jeffries, Associate Editorial Director.
US benchmark West Texas Intermediate (WTI) advanced 47 cents to USD 50.89 a barrel and Brent added 51 cents to USD 56.06 in late-morning trade.