Crude Oil prices hit an 18-year low on March 30 due to a slump in demand caused by lockdowns to contain the coronavirus outbreak and the failure of OPEC and other producers led by Russia to extend a deal on output curbs that expired on March 31.
Crude Oil news
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CRUDE MCX MEGA UPDATE – Watch Closing Basis Stop Loss + Magical Level 3333 Buy Lion Heart Trader, Target 4000—4444 (HOLDING CALL)
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अमेरिका ने नवंबर से ईरान के कच्चे तेल पर भी पाबंदी का संकेत – Gold Silver Reports
Gold Silver Reports (GSR) — ग्लोबल मार्केट में कच्चा तेल काफी मजबूत हो गया है। ब्रेंट में 76 डॉलर के ऊपर कारोबार हो रहा है। दरअसल रूस और वेनेजुएला का उत्पादन लगातार कम हुआ है। वहीं इंटरनेशनल एनर्जी एजेंसी ने वेनेजुएला के उत्पादन पर आगाह भी किया है, क्योंकि से इस लाख बैरल के भी नीचे आ गया है।
Crude Oil set for Seventh Consecutive Week of Declines
Crude Oil nearing the June lows
WTI crude oil hasn’t fallen for seven consecutive weeks since 2015 but unless there’s a miracle $2 rally in the next few hours, the losing streak is set to continue.
Crude Oil Futures Settle at $68.96 – Gold Silver Reports
Gold Silver Reports (GSR) – Yesterday, the price closed below that level. Today, the price moved to a new low going back to June 22, but the break could not be sustained. The day is ending back above that key MA level. Buyers/bulls are hanging in there.
Crude Oil Pares Rally Amid Signals of Expanding American Crude Surplus
Gold Silver Reports (GSR) – Crude Oil Pares Rally Amid Signals of Expanding American Crude Surplus — Futures closed 0.3 percent higher in New York on Thursday, wiping away most of the gains made during the session. Data provider Genscape Inc. was said to report inventories at the key pipeline hub in Cushing, Oklahoma, expanded, taking the wind out of a rally earlier driven by an unexpected Arab Light crude price increase by Saudi Arabia, the world’s biggest oil exporter.