Commodities » Energy
Nymex crude oil prices closed at $82.93/bbl on Wednesday
March 18, 2010, Thursday, 10:49 GMT | 06:49 EST | 16:19 IST | 18:49 SGT
By Amar Singh, Reena Walia Nair (Angel Broking)
MARKET RECAP
Crude oil prices gained marginally yesterday on the back of weakness in the dollar in the early part of trade. Prices on the Nymex touched a high of $83.09 yesterday
OUTLOOK
Crude oil prices would continue to trade with a positive bias as steady production quotas by OPEC would support upside in oil prices.
However, sharp gains may be capped on upside if China adopts more restrictions on bank lending to tame the rising inflation
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