Sushil Finance expects crude oil prices to trade lower on the back of enough supplies in the market and OPEC officials' negative stance on production cut. Crude oil futures fell on Wednesday after a government report showed crude stocks rose sharply in the United States last week and as a strong dollar continued to create headwinds for dollar-denominated commodities.

U.S. crude stocks rose 3.7 million barrels last week, against expectations for a drop, the Energy Information Administration said, as refineries cut capacity utilization and imports jumped.

''We expect Natural gas prices to trade sideways on the back of both positive and negative supporting conditions,'' it added.

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