Crude Prices Ended Higher By 1.43 Percent To Close At $56.0 Per Barrel

On Monday, WTI Crude prices ended higher by 1.43 percent to close at $56.0 per barrel. Expectation of deepening in the production cuts by OPEC+ in their upcoming meeting supported oil prices

Rising uncertainties around the U.S.-China trade spat continue to weigh on the demand prospects for Crude and pressurize the prices. Weak U.S. economic data coupled U.S. & China failing to strike a preliminary agreement limited the gains for Crude.

The ministers of Organization of the Petroleum Exporting Countries will meet in Vienna on Thursday i.e. 5th December’19 and the OPEC along with their allies will meet on Friday i.e. 6th December’19.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com