Curde Oil Production at Iran’s West Karoun Nearly Doubled in The Past Year: Zanganeh – Crude Oil production from the West Karoun oilfields in southwest Iran nearly doubled in the past year, oil minister Bijan Zanganeh said in an interview broadcast live on state TV Saturday.
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CrudeOil MCX Sell on Rise, Downside Target 3960—3890
Gold Silver Reports – CrudeOil MCX Sell on Rise, Downside Target 3960—3890 — Technically Crude Oil market is under fresh selling as market has witnessed gain in open interest by 77.33% to settled at 15690.
Closing Price Reversal Top Signals the Presence of Sellers
Gold Silver Reports – Closing Price Reversal Top Signals the Presence of Sellers – Based on the early trade, the direction of the crude oil market today is likely to be determined by trader reaction to the resistance cluster formed by the 50% levels at $63.91 to $64.11.
U.S Crude Oil Under Short Term Challenges
Gold Silver Reports – U.S Crude Oil Under Short Term Challenges — Short-term speculators may suspect downward conditions will prevail in the coming days after the dramatic rise upwards made by the commodity over the past few weeks.
Crude Oil Price Forecast January 15, 2018
Gold Silver Reports – Crude Oil Price Forecast Report January 15, 2018 – Crude Oil markets were very volatile during the session on Friday, as we continue to see a lot of noise when it comes to not only the commodity markets, but the US dollar which has a bit of a double whammy effect.
Crude Oil Price Update – Market Set-up for Near-erm Pullback into $60.44
Gold Silver Reports – Crude Oil Price Update – Market Set-up for Near-erm Pullback into $60.44 — February West Texas Intermediate (WTI) Crude Oil futures are trading lower on Friday after hitting a 3-year high the previous-session. Traders are rolling into the March contract but the higher volume is still in the February futurescontract. We’ll pick up the March contract on Monday.
Crude Oil Prices Pull Back on Profit-Taking
GOLD SILVER REPORTS – ❤️❤️❤️❤️❤️ Crude Oil Prices Pull Back on Profit-Taking — Crude oil prices pulled back on Friday, as investors locked in profits from thecommodity’s climb to a three-year high in the previous session amid overall optimism regarding the rebalancing of the market.