MCX Natural Gas Target For Today: Natural Gas yesterday settled up by 1.34% at 189.1 on forecasts for cooler weather and higher heating demand in mid- to late-April, the first time in seven weeks prices rose three straight days.
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.
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: 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: 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.
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.