Oil in New York extended gains to erase a weekly loss, garnering support from a recovery in equities and a softer dollar.
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Oil Trades Near $67 as India Demand Drop Curbs Recovery Optimism
Oil Trades rose toward $67 a barrel as weaker demand from virus-ravaged India partially offset optimism over the global economic recovery.
Crude Oil edges higher on weaker dollar, demand optimism
Crude oil edged higher toward $64 a barrel, aided by a weaker dollar, as traders monitored a patchwork demand recovery from the pandemic.
MCX Crude Oil Tips for Today: All Target Hit, Oil will climb above $70
MCX Crude Oil Tips for Today: Crude Oil yesterday settled down by 0.09% at 4434 as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic.
Crude Oil Prices Choppy, Rising Geopolitical Risks to Spark Oil Volatility
Since the OPEC outcome, which on the whole had been a surprise, crude oil prices have remained relatively rangebound as the market battles the cross-currents of a stronger economic recovery with a resurgence of virus cases.
MCX Crude Oil Tips for Today: All Target Hit 4380 To 4468
MCX Crude Oil Tips for Today: MCX crude oil yesterday settled up by 2.01% at 4367 buoyed by reports suggesting that the chances of a breakthrough in talks to revive an Iranian nuclear accord were slim.
Crude Oil MCX Tips Today; All Target Price Hit 4462; What Next?
Crude Oil MCX Tips Today: Crude Oil yesterday settled up by 2.97% at 4514 on supported by news that the Organization of the Petroleum Exporting Countries and their allies, including Russia and Kazakhstan, have agreed to incremental increases in crude production for three months starting in May.
Crude Oil Price Retreats as OPEC+ Hints at supply Hikes
The price of crude oil declined slightly after the latest OPEC+ meeting. The leaders met during the weekend and agreed to gradually ease some of its production cuts between May and July.
Crude Oil Near $60 on Demand Worries Before OPEC+ Meeting
Crude Oil held losses in early Asian trading amid concern over near-term demand and dollar strength ahead of a closely watched OPEC+ meeting this week at which the group will decide on output policy.
MCX Crude Target Price – WTI Faces Rejection above $60
MCX Crude Target Price: Having failed to resist above the $60 level, WTI (futures on NYMEX) fell sharpy to $59.36 before recapturing the $59.50 threshold.