Commodity Trade Mantra

Posts Tagged ‘Brent Crude Prices’

Will $60 Level be a Ceiling For Crude Oil Prices?

Oil prices faltered on Tuesday on slow but steady gains in U.S. output. The failure to break out of a narrow trading range on the upside has exposed crude oil prices to some losses. Having failed on a couple of occasions to break higher it is only natural to see it correct lower. As per a Reuters survey, analysts see oil prices staying below $60 even if OPEC extended its cuts through the end of the year.

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