Oil little changed near 2-month lows ahead of U.S. stockpile data


Posted July 20, 2016 by Trade1

Tradenivesh is a team of expert analyst with vast experience in capital market research. We provide recommendations for stocks, future and option (F&O) traded in NSE and BSE, commodities including bullion, agri and metals traded in MCX and NCDEX.

 
Oil prices struggled for direction in European trade on Wednesday, staying near a two-month low as market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products.

The U.S. Energy Information Administration will release its weekly report on oil supplies at, Wednesday amid expectations for a drop of 2.1 million barrels.

Gasoline stockpiles are expected to decline by 833,000 barrels while stocks of distillates, which include heating oil and diesel, are forecast to increase by 600,000 barrels, according to analysts.

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Issued By trade nivesh
Website Trade Nivesh Investment Adviser
Phone 9039261444
Business Address 10/1, 1st Floor, Bharat Bhavan, Near Rani Sati Gate, Yashant Niwas Road Indore-452001 (M.P.) India
Country India
Categories Business , Finance
Tags commodity tips , crude oil
Last Updated July 20, 2016