crude today 11-01-2019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 11th January, 2019.

Brent rose $0.23 to close at $61.68 and WTI gained $0.23 to settle at $52.59 a barrel last night. Both the crude futures ticked up modestly yesterday, Extending winning streak into a ninth trading session. Oil markets closely followed the equity swings as the financial markets soared up on the hopes of soothing trade wars. The comment by federal reserve chairman also accommodated optimism in financial markets which helped to boost riskier asset classes including oil. The lack of clear resolution from U.S – China trade talks and weak Chinese economic data along with the swelling product inventories and crude output in U.S worried the oil market. Oil futures are heading towards weakly gains without any significant change in the fundamentals during the week. Asian markets are opened down today. Good day and week to all.

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

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

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