Kshitij Consultancy Services
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Morning Briefing Less than expected increase in U.S. weekly crude oil inventory (expected +1.2M, actual +0.9M) has helped Brent (52.35) and WTI (49.65) to close higher. This bounce was expected and it may continue for a few sessions more. Brent could touch 53.36 as it is trading above 52.20 but WTI is trading below 50.30. We will remain bearish on the energy pack in medium term due to continuous increase in U.S. crude inventory.
Last Updated Open High Low LTP
30-Mar-17 48.14 49.74 47.08 49.38
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