expect crude oil prices to trade negative on the back of unexpected increase in U.S. inventories of crude and gasoline.

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expect crude oil prices to trade negative on the back of unexpected increase in U.S. inventories of crude and gasoline.

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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.

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