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

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.