expect crude oil prices to trade negative on the back of unexpected increase in U.S. inventories of crude and gasoline.
Oil costs softened five p.c on Wed to a one-month low, once associate degree sudden increase in U.S. inventories of crude and petrol distributed fears that output cuts by major world oil producers haven’t done abundant to empty a world glut.
Outlook
We expect crude costs to trade negative on the rear of sudden increase in U.S. inventories of crude and petrol.
Follow disclaimer : http://www.crudeoperator.com/disclaimer