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Crude oil prices may trade higher today: Sushil Finance
Source: IRIS | 16 Sep, 2014, 10.27AM
Rating: NAN / 5 stars.
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Sushil Finance expects crude oil prices to trade positive on the back of Russian energy minister Alexander Novak's meeting on Tuesday with OPEC officials in Vienna.

Crude oil futures ended little changed on Monday after weak Chinese economic data sent prices to a 26-month low earlier in the day.

Oil prices dropped early on data showing China's factory output grew in August at the weakest pace in nearly six years, while growth in other key sectors also cooled, raising fears the world's second-largest economy may be at risk of a sharp slowdown.

''We expect Natural gas prices to trade sideways on the back of both positive and negative supporting conditions,'' it added.

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