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Morning Briefing Both Brent (46.87) and WTI (44.09) closed higher in line with our expectation. Market is waiting for today’s U.S weekly crude inventory data (8:00 pm IST) with an expectation of a shortage (-2.1 MB) in inventory and prices could move according to the outcome. If the anticipation of -2.1 M Barrel of shortage will match the actual outcome then that could be beneficial for both Brent and WTI. Otherwise a surplus or a less than expected shortage could bring further bearish possibilities into consideration. The immediate trading range for Brent and WTI are 46-48 and 43-46 respectively.
Last Updated Open High Low LTP
28-Jun-17 43.14 44.44 42.63 44.14
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