Nymex Gasoline Outlook: Karvy Commtrade Ltd.
Published on Thursday, March 11th, 2010 at 6:43 PMAuthor: onlinecommoditycalls (1958 Articles)
Gasoline prices closed higher yesterday supported by a slight gain in oil prices.
On NYMEX prices closed yesterday at $2.2851 up by 1.1 percent.
DOE report yesterday showed inventories declining by 2.959 million barrels which came positive for prices
OUTLOOK:
Prices are expected to trade higher supported by yesterdays report showing a decline in inventories. However in the evening oil prices may fluctuate which may result in gasoline prices following the trend as well.
Courtesy: Karvy Commtrade Ltd.
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