By Srinivas Chowdary Sunkara // petrobazaar // 26th March, 2019.
Brent futures prices edged up 18 cents to close at $67.21 and WTI prices were little down at $58.82 after losing 22 cents last night. Shanghai crude oil main contract dropped by 10.6 Yuan or 2.3% to close at 450.2 Yuan/barrel where as MCX crude futures in India inched up Rs.20 to Rs.4095.
Recent PMI reports from Europe and U.S reawakened the concerns of faltering demand amid slowing economic growth. OPEC+ efforts continued to support oil complex while strong dollar weighed on. Markets are looking at weekly stock reports starting from today. In U.S, Stocks are predicted to be drawn due to increase in export numbers and lowering import volumes. Today, Asian markets opened firm. Good day.
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