Last Updated : February 02, 2012 14:00
Crude oil may edge lower on global cues, nat gas on ample supply
Crude oil may trade on weaker note tracking softness in international markets while selling pressure in Natural Gas may continue due to mild demand and ample supply.
Oil declined for a fifth day in New York, matching the longest losing streak since August, as U.S. crude stockpiles increased more-than-estimated and Gasoline consumption fell to a 10-year low.
Crude supplies rose by 4.2 million barrels last week, figures from the Energy Department showed.
Courtesy: SMC Global
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NCDEX GURMUZZAFFARNAGARJUL12 20 July 2012
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