Crude Oil Price Target Would Make a Far Better Goal, If you can’t hit the target, bring it closer. That seems to be the policy adopted by the OPEC+ alliance of oil producers as they make the world’s biggest-ever output cuts in an attempt to shore up oil prices.
Crude Oil Tips Today – Buy Call Rocking 3455 To 3586 – Neal Bhai Reports
CRUDE OIL 3455 To 3586 = 131 POINTS, Rs. 13,100 PER LOTS
Oil prices rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal reaching levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia.
Multi-Commodity Exchange (MCX) will function from 09:00 hrs to 23:30 hrs for commodities, which is the previous trading hours, the exchange that controls more than 94 per cent of the trading volume, said in a statement.
The move was so violent and shocking that many traders struggled to explain it. They grasped wildly at possible causes all day long — had some big firm got caught wrong-footed? Or were inexperienced retail investors flummoxed by a market quirk? — but had no tangible evidence of anything to point to.
Opec and Russia agreed on Thursday to make deep cuts to oil production, ending a weeks-long market-share war that put further pressure on prices already reeling from the biggest demand collapse in history.