Crude Oil Prices trading marginally higher - ICICI Bank : Treasury Research

Crude oil prices are trading marginally higher today amidst Energy Information Administration's forecast that global oil consumption will rise by 32% through 2040. A weaker Dollar also aided the prices. The front-month WTI future is currently trading at USD 105.55/bbl compared to prior close of USD 105.49/bbl while Brent is trading at USD 107.77/bbl, compared to prior close of USD 107.65/bbl. Technically Brent is expected to trade in the range of 107.25-108.25/bbl.

Source : Equity Bulls

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