We have seen a lot of volatility this week and this pattern will remain in place until the Organisation of the Petroleum Exporting Countries (OPEC) lifts suspense on the market right now, said Vandana Hari of Vanda Insights.

OPEC is expected to meet in Vienna on June 22 to discuss its supply policy.

"This week the market sentiment has swung between bearishness which is due to the expected supply increase and bullishness because of Iran and Venezuela, said Hari.

This is not going to end until OPEC makes it clear its supply policy.

"It is going to the leave the market hanging in suspense,” she said.

First Published:Jun 8, 2018 12:33 PM IST