TRADE NIVESH: On Wednesday too, there is a drop in the prices of crude oil. International benchmark Brent crude was trading down 47 cents at $ 62.50. At the same time, the price of West Texas Intermediate (WTI) crude also fell by 35 cents to $ 56.94 a barrel. Crude prices had also fallen yesterday.
At the same time, there is a big drop in crude in the domestic market. Today, the futures on MCX are down by more than 1.30 percent. Commodity market experts say that the possibility of increasing reserves in the US has put pressure on prices. According to the American Petroleum Institute (API), reserves in the US increased by about 7.5 million barrels last week. Trade Nivesh

 Apart from this, US President Donald Trump has expressed concern about trade talks with China. He has also expressed concern about global economic development. The slowdown in global economic growth is expected to reduce demand for crude oil. China is the world's largest oil importer and the second largest consumer. America is the largest consumer of oil. trade nivesh