EPIC RESEARCH MCX CRUDE OIL UPDATE OF 12 JULY 2016
Posted by Unknown on 12:56:00 with No comments
Crude oil prices are likely to trade
sideways today as rising production from OPEC, Canada and wary
investors ahead of EIA stocks report will exert pressure. While on
the other hand, fresh stimulus announced by Japan along with wide
expectations of rate cut in the upcoming BoE meeting will be
supportive. On the MCX, oil prices are expected to trade sideways as
international markets are trading higher by 0.1 percent.
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