MTECHTIPS:-Crude Oil prices to trade higher

MTECHTIPS:-Crude Oil prices to trade higher

MTECHTIPS-Crude oil prices declined by 0.1 percent on Thursday to close at D 49.1 per barrel with Brent rising to a 5-1/2 month high while U.S. crude slipped on a bigger-than expected crude stock build, as the restart of U.S. refiners after Hurricane Harvey was countered by the threat of Hurricane Irma. The U.S. Energy Information Administration said on Thursday U.S. weekly crude stocks increased 4.6 million barrels last week, topping analysts’ forecast for a 4.0-million-barrel build in a Reuters poll. We expect oil prices to trade higher today, international markets are trading higher by 0.3 percent at D 49.22 per barrel while hurricane season will disturb the refining capacity in the US it remains to be seen how the hurricane IRMA proceeds in the Caribbean

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