Gold Silver Reports ~ Crude prices settled lower on Friday after the U.S oil rig count rose for the first time since December, renewing worries of a supply glut after an output freeze plan helped boost the market to 2016 highs and multi-week gains.
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Gold Silver Reports ~ Crude MCX settled down -1.72% at 2457 extending losses as a monthly report from OPEC provided further signals of a widening gap between supply and demand on energy markets worldwide.
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Crudeoil Rates Traded firm Ahead of the Rig Count Data
Gold Silver Reports – Crude oil prices traded firm ahead of the rig count data in the US. Meanwhile, IEA, which coordinates energy policies of industrialized nations,
Crude Oil Recover to around $70 by 2020
Gold Silver Reports Crude Oil prices are expected to rise gradually over the next five years but will remain well below the pre-crash level, according to a survey of professionals who follow the Crude Oil industry.