Gold Silver Reports (GSR) – OPEC has reached an agreement in principle to boost oil production, achieving a last-minute compromise that overcame Iran’s threats to veto any supply hike. The preliminary accord allows for an additional 600,000 barrels a day of oil to flow onto the market, about 0.5 percent of global supply, said a delegate. That reflects a 1 million barrel-a-day adjustment on paper to the production cuts implemented by the Organization of Petroleum Exporting Countries and its allies, the delegate said, asking not to be named because the information is private.
crude oil tips today
OPEC Nears Deal on Oil-Supply Boost After Saudi-Iran Talks
Gold Silver Reports (GSR) – Iranian Oil Minister Bijan Namdar Zanganeh said he had a good meeting with his Saudi counterpart in Vienna on Friday and he wasn’t feeling pessimistic about the possibility for a compromise — a reversal of his position on Thursday night. After a tumultuous few weeks that have whipsawed crude markets, his comments suggested oil consumers from the U.S. to India and China could soon find some relief from high prices.
Crude Oil Prices Up on Venezuelan Supply Troubles
Gold Silver Reports (GSR) – Brent crude futures LCOc1 were up 33 cents, or 0.4 percent, to $75.69 a barrel at 0101 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 was up 38 cents, or 0.6 percent, at $65.11 a barrel. It ended the previous session 1.2 percent lower at $64.73 a barrel.
WTI Slip on Threat of OPEC Boost, Funds Quit Crude
Gold Silver Reports (GSR) – WTI Slip on Threat of OPEC Boost – Crude Oil Prices finished with a modest loss on Thursday, a day after a big rally, as rising output from the U.S. remained a threat to efforts by other major producers to re-balance the market.
Crude MCX Tips Watch 4680 NYMEX Watch 68.25 Below Big Panic, Very Very Soon Tips By Neal Bhai MFA Technical Analyst
MCX CRUDE BELOW 4680, If Close Sell Any Rise or Sell Karo Aur So Jaao Stop Loss 4747 Target 4500——4400 Crude MCX Watch 4680 NYMEX Watch 68.25 Below Big Panic Very Very Soon Tips By Neal Bhai Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team INDIA Mobile No. …
Crude Oil Conspires With Politics to Drive Rupee Toward Record Low
Gold Silver Reports (GSR) – Crude Oil Conspires With Politics to Drive Rupee Toward Record Low — Brent crude rose above $80 a barrel last week for the first time since 2014, and is looking ominous for the nation’s budget deficit, inflation and the currency. Meanwhile, Modi faces the prospect of rival parties uniting to block his re-election bid after their success at a recent state poll.