Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International oil prices are trading flat on Thursday in early afternoon in Asian trade as rising coronavirus infections in India, Brazil and Japan and its impact on demand offset gains from bullish inventory data.
Meanwhile, in other news, some respite to Asian buyers can be expected after Saudi Arabia's state energy firm, Saudi Aramco cut its June pricing for Asia by between 10 and 30 cents per barrel.
Technically, WTI Crude Oil range for today's session is $64.80-$66.05.
Domestic crude prices ended flat on Wednesday, tracking overseas prices.
International oil prices are trading flat on Thursday in early afternoon, tracking subdued overseas prices.
Technically, MCX Crude Oil May resistances are at 4875 and 4890. Supports are at 4835 and 4805.
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