MTECHTIPS CRUDEOIL

MTECHTIPS:-CRUDEOIL

Benchmark oil prices will likely extend losses this week as U.S. fuel supplies build and demand stays soft. Further negative factors likely to keep oil prices tame this week include evidence of further slowing in China – the second-largest global economy – fears of pullback in U.S. stock markets and lingering strength in the U.S. dollar. Outlook : Crude is expected to trade with negative bias on negative developments from world markets and indication of slower growth from World’s second largest economy and higher supply from US.