Crude oil prices have posted gains for the second day. In the previous week, prices had declined substantially but buying has come back and prices have recovered as traders have covered their shorts.

Share Market Live

NSE

The trigger to watch for is a meeting between OPEC and its allies and the view is that they would counter downward price pressures and may pause output hikes. Morgan Stanley has revised their Q12022 forecast from $95 per barrel to $82.50 per barrel.

Also Read

: India to release 5 million barrels of crude oil from strategic reserves

First Published:Nov 30, 2021 4:35 PM IST