CRUDE TODAY 29-8-23

Check out for Prices!

crude futures are trading flat

Brent oil futures for Oct delivery inched up 11 cents to $84.53 a barrel while WTI oil Oct futures prices edged up 5 cents $80.15 a barrel during Asian hours on Tuesday morning. Both the benchmarks closed flat yesterday after a two sessions of upside momentum. Fears of expectation of Fed increasing int rates in U.S in turn downward pressure on demand outlook pressing oil complex while hurricane in U.S outpaced the bearish sentiment. It is very difficult to see bullish momentum in the market at this movement.

Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

Recent Posts