Motilal Oswal
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Motilal Oswal
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April 16, 2018 08:15 AM | Commodities

Commodities Corner: what if crude oil prices do consolidate at current levels?

Markets have seen some strength coming for the US dollar. Also the markets do believe that they are not going to see a continuation or extension of the kind of attacks on Syria.

There is no retaliation from Russia as yet though there have been some statements over the weekend.

The new week will start with risk appetite coming back back into the market.

The markets saw a 3.5 year high on crude, but that seems to be getting into a bit of a profit taking.

Still holding above $72 per barrel for the Brent prices so the gains have been immense and it will be interesting to watch if the crude oil prices do consolidate at these current levels.

 
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