expect crude oil prices to trade negative on the back of increased supply from several key producers.

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expect crude oil prices to trade negative on the back of increased supply from several key producers.

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According to MCX Crude Operator Report For MCX Crude Oil Inventory.

Oil fell regarding a pair of % on Tues, with goose sinking at seven-month lows and U.S. crude at its most cost-effective level since September, once redoubled offer from many key producers overshadowed high compliance by world organisation and non-OPEC oil producers with a deal to chop world output.

 

Outlook

 

We expect fossil fuel costs to trade negative on the rear of redoubled offer from many key producers.


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