Crude oil settled flat as signs of tightening U.S. output were offset by a stronger dollar and fears rising U.S.-China trade tensions could hamper oil demand. Oilfield services firm Baker Hughes reported that the number of U.S. oil drilling rigs in operation fell by 2 to 860.
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
The recent gains in WTI and Brent were a treat for investors and a boon for oil bulls. The original catalyst for this most recent rally was a bullish inventory report, with the EIA announcing that inventories at Cushing, Oklahoma, had declined by 5.8 million barrels.
MCX Crude Oil Free Tips : MCX Crude Tips – Oil Ultimate Target 5010—5240 – Just Need Patience – Neal Bhai Reports “No Magic, No Miracle, Just Power of Level” Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team Mobile No. 9582247600 & 9899900589
Crude Oil on MCX settled up 0.24% at 4582 as expected falls in supply over Iran sanctions outweighed concerns over the global economy. Oil prices have been driven higher in the past few months as demand for oil outsrips supply but cooled in recent weeks amid trade tensions and supply disruptions.
Dated: 13-08-2018 To 17-08-2018 
Crude Oil on MCX settled up 1.73% at 4767 amid reports that Saudi Arabia pumped fewer crude barrels in July, while the U.S. saw a drop in active drilling rigs. Oil prices made a bright start to the session as bulls cheered a drop in Saudi output and signs of tightening U.S. output.
Gold Silver Reports (GSR )- Technically, the price today moved away from the 100 and 200 hour MAs (blue and green lines in the chart above), but stalled near a topside trend line. The price came off against that trend line (currently at $70.35 and moving higher).
