Gold Silver Reports ~ MCX Crude Oil Trading Levels 2470-2660. Crude-Oil closed near $38 a barrel in New York as the dollar’s loss eased, reducing the appeal of crude as a store of value.
Crude-Oil tumbled to a 12-year low this year before rebounding on speculation the global surplus will ease as U.S. output declines. Iran will attend talks with fellow members of the Organization of Petroleum Exporting Countries and other producers in Qatar next month, without joining their proposal to freeze output, according to a person familiar with the nation’s policy.
U.S. refineries operated at 90.4 percent of capacity in the week ended March 25, up 2 percentage points from the week before. Natural gas may move in range of 133-125 in MCX as EIA inventory data to give further direction to the prices. ~ Neal Bhai Reports