December 13, 2017

MTECHTIPS

MTECHTIPS:Expect crude oil prices to remain bearish today

Nymex crude oil prices gained 2.41 percent in the last week due to decline in US crude oil inventories. However, strength in the DX capped gains in the crude oil prices.
Additionally, US fiscal cliff which remained unresolved led to expectations that it can threaten the economic growth and affect demand for the fuel. Crude oil prices touched a weekly high of $91.49/bbl and closed at $90.71/bbl in the last trading session of the week

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