Crude Oil News Today: दुनिया भर में केंद्रीय बैंक की ब्याज दरों में बढ़ोतरी के बाद मई की शुरुआत के बाद से कच्चे तेल (Crude Oil) में सबसे बड़ी साप्ताहिक गिरावट आई है और फेडरल रिजर्व ने भविष्य में और संभावित दरों में बढ़ोतरी का संकेत दिया है, जिससे वैश्विक आर्थिक मंदी की आशंका पैदा हो गई है।
crude oil news today
MCX Crude oil August futures may slip to Rs 7500/bbl ahead of OPEC+ Meeting; Libyan Output Continues to Rise
WTI Crude oil futures saw the best week in nine and rose more than 4%, as tight supplies more than offset worries over an economic slowdown. Weak dollar index post the Fed meeting on expectations of less aggressive rate hikes coupled with better than expected inventory data aided the black gold. EIA crude oil inventories declined by 4.523 million barrels in the week ended 22nd July, the most in 8 weeks and four times more than forecasts for a 1.037 million barrel fall.
Crude Oil Tips for Today: Further Losses Not Ruled out
Crude Oil Tips for Today: According to preliminary figures from CME Group for crude oil futures markets, traders added more than 10K contracts to their open interest positions on Thursday, reversing at the same time four consecutive daily pullbacks. On the other hand, volume dropped for the second day in a row, this time by around 179K contracts.
Brent Crude Long Term Target $60—$70/bbl Within the Next Year
“Amidst the higher trade tariffs, we can expect China’s GDP to drop below 6% next year. Concurrently, both Germany and Japan may suffer technical recessions across the turn of the year. As for the US economy, we can expect growth to ease from 2.5% this year to about 1.3% next year. Overall, this global synchronized slowdown will reduce crude oil demand and likely weigh on energy prices”.