ST: Nymex crude oil prices gained by 1.4% on the Nymex in the last week.
Crude oil prices gained around 1.4% on the Nymex in the last week. Oil prices touched an intra-day high of $83.13/bbl on Friday. On the MCX, crude oil prices gained around 0.7% to close at Rs. 3661/bbl on Friday. On a weekly basis, crude oil prices gained almost 1.5% on the MCX in the last week.
OUTLOOK
Crude oil prices are expected to trade with a positive bias as strike at Marseille in France will help crude oil prices to boost in the coming trading sessions. Moreover, weakness in the DX will also help oil prices to gain today.
Natural gas prices will take cues from the crude oil prices today
