Sushil Finance expects crude oil prices to trade on negative note as enough supplies and weak Chinese economy could keep prices under pressure. Crude oil futures fell on Monday as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization of the Petroleum Exporting Countries (OPEC).
Concerns over extended stagnation in Europe, which could pull down other economies, were highlighted at the G20 meeting in Australia on Sunday.
''We expect Natural gas prices to trade on positive note on the back of above normal temperature projection for next 15 days. U.S. natural gas futures held steady on Monday on forecasts of mild, warmer-than-normal temperatures over the next few days,'' it added.
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