Crude oil may trade on mixed note while selling pressure in Natural Gas may continue due to mild demand and ample supply.
Oil traded near the lowest price in more than a week on signs that consumer confidence and demand for fuel is slipping in the U.S., the biggest crude consumer.
Futures were little changed in New York before a U.S. Energy Department report forecast to show higher crude supplies.
Oil fell for a third day yesterday after the government said consumer confidence and business activity cooled.
Greece pledged to prevent the collapse of a second rescue package, and inspectors from the International Atomic Energy Agency are preparing to leave Iran.
Courtesy: SMC Global
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