MCX Service- Crude oil prices are likely to be soft.

MCX Service

Today oil prices are being seen as a result of the threat of low demand due to the crisis and trade dispute in the developing countries, due to the lack of supply of oil from the US sanctions on Iran. Due to rising trade dispute, demand may be low. Although the supply of oil to the world is decreasing from the US sanctions on Iran, economic risks are rising globally. Crude oil prices can be hindered at Rs 4,900 and Sahara at Rs 4,990 level.

Prices of natural gas futures prices are likely to be mixed Its prices can be traded in the range of Rs 197-204. After the normal temperature in the US, the price of American natural gas futures has fallen to a six-week low on fear of weak demand for air conditioning.

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