Expect MCX oil costs to trade higher today: MCX Crude Operator

Expect MCX oil costs to trade higher today: MCX Crude Operator

Expect MCX oil costs to trade higher today: MCX Crude Operator

According to MCX CrudeOperator Mumbai’s, expect oil costs to trade higher nowadays on discount searching at lower levels though high oil inventories within the USA still remains a reason for concern.

MCX Crude Operator urban center s’ report on oil
WTI oil costs declined by one.3 % on Th to shut at $49 per barrel once a volatile session on Th, because the restart of 2 key Libyan oilfields and considerations concerning lack-luster hydrocarbon demand fed concern over whether or not major oil producers will alleviate the glut of world inventories.
Outlook
We expect oil costs to trade higher nowadays on discount searching at lower levels though high oil inventories within the USA still remains a reason for concern. International markets ar commercialism higher by around one % nowadays, hence, domestic markets can trade higher by around same margin.