By Srinivas Chowdary Sunkara // petrobazaar // 27-12-2017.
Crude price trend
Crude oil prices have fallen down from two and half year's high and trading nearer to the 2015 high levels amid low volume trade today since Christmas festival holidays are in effect. The rally of both the futures are gradually running out of steam due to low volume. Prices started slipping from the highest levels despite of Libya's outage and North Sea pipeline repair. Crude oil prices are set for fourth monthly gain amid supply cuts from OPEC. Crude oil inventories are expected to fall again. API report is due to release followed by government agency report.
WTI and Brent today
U.S crude futures for February delivery lost 53 cents with 0.884% down side change at $59.44 a barrel on Nymex while global bench mark, Brent futures to be delivered in February are trading down by 69 cents with 1.03% fall on London based ICE futures Europe exchange.