Since the OPEC outcome, which on the whole had been a surprise, crude oil prices have remained relatively rangebound as the market battles the cross-currents of a stronger economic recovery with a resurgence of virus cases.
MCX Crude Oil Tips for Today: MCX crude oil yesterday settled up by 2.01% at 4367 buoyed by reports suggesting that the chances of a breakthrough in talks to revive an Iranian nuclear accord were slim.
Crude Oil MCX Tips Today: Crude Oil yesterday settled up by 2.97% at 4514 on supported by news that the Organization of the Petroleum Exporting Countries and their allies, including Russia and Kazakhstan, have agreed to incremental increases in crude production for three months starting in May.
MCX Crude Target Price: Having failed to resist above the $60 level, WTI (futures on NYMEX) fell sharpy to $59.36 before recapturing the $59.50 threshold.
Crude Oil Futures in New York edged higher Friday but are still down more than 4% this week after U.S. coronavirus cases started to rise again and some European countries renewed lockdowns in a setback for the recovery.
Crude Oil MCX Tips Today : Hit All Target, Best Crude Oil Tips Provider. OPEC said a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers as a headwind for the group and its allies in supporting the market.