Crude Oil: Expected to remain ranged in near-term - ICICI Bank : Treasury Research

Crude oil prices traded ranged in May. Global crude oil supply continues to rise with US oil output now at its highest level in 20 years, thereby weighing on prices. However, there remains the possibility that OPEC might curtail output if prices fall substantially below USD 100/bbl. Oil to trade ranged in near-term.

Source : Equity Bulls

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