The crude oil price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory — minus $37.63 a barrel. The reason: with the pandemic bringing the economy to a standstill, there is so much unused oil sloshing around that American energy companies have run out of room to store it. And if there’s no place to put the oil, no one wants a crude contract that is about to come due.
crude nymex
Crude Oil (WTI) Bullish Above $57 / MCX Above ₹4100 Only Buy – Neal Bhai Reports
Crude Oil prices will have a major impact on the direction that the Russian economy will take, according to the chief executive of the Russian Direct Investment Fund (RDIF), but the country’s alliance with major oil producer group OPEC (known as OPEC+) is “ready to act” if necessary, he said.
CRUDE OIL FUTURES ARE NOW IN OFFICIAL BEAR MARKET ??
Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand.
Gold prices Today Rebounded
Gold Silver Reports (GSR) – Gold prices Today Rebounded – Buying by local jewellers amid festive season demand and steady global prices helped boost domestic gold prices. Besides, weakness in the rupee, which makes imports costlier, also fuelled the upward trend in gold prices.
Commodities Weekly Forecast 15-10-18 To 19-10-18 – Neal Bhai Reports
Commodities Weekly Research Report
Dated: 15-10-2018 To 19-10-2018
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Commodities Weekly Forecast 01-10-18 To 05-10-18 – Neal Bhai Reports
Commodities Weekly Research Report
Dated: 01-10-2018 To 05-10-2018
सोमवार 01 October 2018 से बीएसई पर कमोडिटी डेरिवेटिव ट्रेडिंग – Gold Silver Reports
बीएसई को सेबी से सोने और चांदी के डिलिवरी आधारित वायदा कॉन्ट्रैक्ट को भी शुरू करने की इजाजत मिल गई है। सोने में 1 किलो और चांदी में 30 किलो के कॉन्ट्रैक्ट के साथ शुरुआत होगी। शुरुआती दौर में सोने-चांदी के लिए डिलिवरी सेंटर अहमदाबाद में होगा।