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West Texas Intermediate (WTI), futures on NYMEX, has demolished the firmer rebound move, recorded on Monday. The black gold picked significant bids below $82.00 and moved higher, however, the pullback move concluded sooner and the asset resumed its downside journey. The oil prices are hovering around $83.00 and are expected to surrender the same.
Crude Oil Review: State-run ONGC and private sector firm Cairn are likely to benefit if the finance ministry accepts a proposal by the oil ministry to exempt hydrocarbon blocks, which were bid out to companies under the production-sharing contract (PSC) and revenue-sharing contract (RSC) mechanisms, from the windfall taxes on domestic crude.
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Oil headed for a third weekly loss as a deteriorating global economic backdrop stoked demand concerns and a buoyant dollar made crude more expensive for most buyers.
MCX Crude Oil Blast, I Told You Buy 1000—500 lots 6612 to 6739 MCX Crude Oil Trading Tips: 👉 👉👉 Crude Oil Trading Tips: Trade With 1000—500 Lots WTI crude oil extends the previous day’s rebound from nearly eight-month low to $82.50 during Thursday’s Asian session. In doing so, the …
Crude Oil Trading Tips: In the opinion of strategists at UBS, the recent weakness in the oil price –which has shaved 23% off Brent crude since the mid-June peak – is not justified by market fundamentals. Here are three reasons that highlights upside for oil.
MCX Crude oil Forecast: WTI Crude oil futures ended the previous week 2.9% higher and closed at $93.06 per bbl, as investors weighed on uncertain supply levels from Iran and OPEC against the outlook of lower energy demand.
Crude Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell saying the United States will face slow growth “for some time”.