mcx crude oil update

Expect oil costs to trade lower today: Crude operator

According to MCX Crude Operator Mumbai, expect oil costs to trade lower these days as international markets ar mercantilism lower by [*fr1] a p.c at $49.37 per barrel.

WTI oil costs rose by zero.1 p.c to shut at $49.6 per barrel weighed down by a general sentiment of worldwide tumid markets, although traders aforesaid that costs appeared to have found support around current levels.

Outlook

We expect oil costs to trade lower these days as international markets ar mercantilism lower by [*fr1] a p.c at $49.37 per barrel. Bloating oil inventories within the United States still remains a reason for concern. On the MCX, oil costs ar expected to trade lower these days.