Gold Silver Reports (GSR) – Crude Oil Rises Most in 2 Weeks as Concerns Over Trade War Ease — Futures jumped as much as 2.5 percent in New York as equities rose and the dollar dipped, boosting oil’s appeal. While President Donald Trump predicted China will be first to buckle in the tug of war, his top economic adviser said the countries are holding “back-channel discussions” to resolve the dispute.
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Crude Oil Pares Rally Amid Signals of Expanding American Crude Surplus
Gold Silver Reports (GSR) – Crude Oil Pares Rally Amid Signals of Expanding American Crude Surplus — Futures closed 0.3 percent higher in New York on Thursday, wiping away most of the gains made during the session. Data provider Genscape Inc. was said to report inventories at the key pipeline hub in Cushing, Oklahoma, expanded, taking the wind out of a rally earlier driven by an unexpected Arab Light crude price increase by Saudi Arabia, the world’s biggest oil exporter.
OPEC Must Rethink Plans as $60 Oil Brings New Glut, IEA Says
Gold Silver Reports – OPEC Must Rethink Plans as $60 Oil Brings New Glut, IEA Says — OPEC and other petro-states need to “reconsider” their output plans due to a fresh wave of U.S. shale oil, the head of the International Energy Agency said.
Crude Oil Price Forecast March 2018 By Market Oracle
Crude Oil Price Forecast March 2018 By Market Oracle
The crude oil price started 2018 with a BANG, rising from an opening $60 to a January peak of $67, that’s a 12% gain in less than 1 month!
MCX Crude Oil Buy on Dips, Support Key Level 3900 By Goldman Neal Bhai Reports
Gold Silver Reports – MCX Crude Oil Buy on Dips, Support Key Level 3900 — Technically Crude Oil market is under fresh buying as market has witnessed gain in open interest by 183.71% to settled at 9876 while prices up 60 rupees.
Crude Oil Dips as Industry Data Shows U.S Crude — Goldman Neal Bhai Reports
Gold Silver Reports – Crude Oil Dips as Industry Data Shows U.S Crude — Crude edged lower after an industry report was said to show U.S. crude and gasoline inventories are continuing to expand.
Crude Eases Losses as Industry Sees Surprise Stockpile Decline
Gold Silver Reports – Crude Eases Losses as Industry Sees Surprise Stockpile Decline — Crude Oil pared losses after an industry report was said to show an unexpected decline in U.S. crude stockpiles.