Nymex Crude Oil Prices Above $54 Ready for Massive Short-Covering Near $57 – Neal Bhai Reports
Crude oil futures rose 1.15 per cent to Rs 3,775 per barrel Wednesday after participants widened their bets, tracking a firm domestic trend.
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Crude oil futures rose 1.15 per cent to Rs 3,775 per barrel Wednesday after participants widened their bets, tracking a firm domestic trend.
Crude Oil Markets Forecast – Below $52 Sell 500 – 1000 Lots And Relaxx – Neal Bhai Reports
Gold Silver Reports (GSR ) – Crude flipped between gains and losses – U.S. and international crude oil prices ended Monday’s trading session little changed from where they began the day. While London futures settled lower, the WestTexasIntermediate contract traded in NewYork posted a small gain. Even so, WTI was on track to advance more than 5 percent for April; if that holds, American-crude will post its best start to a year since 1999.
U.S. Crude Oil Futures Tips – Keep Eye on Below $63 level, Only Bloodbath – Target $61—58, Just Watch Strong Support $63.
The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil companies were not stopping there and were aiming to reduce this further, to US$15 a barrel.
U.S. crude stockpiles fell 8.6 million barrels last week, in contrast to expectations for an increase of 2.8 million barrels, government data showed.
MCX Crude Oil settled down 3.75% at 3932 after US President Trump said oil prices are “too high”. The comment that urges OPEC to lower the cost of crude put pressure on the Saudi-led group to soften its price-boosting output cuts.