Oil Trades rose toward $67 a barrel as weaker demand from virus-ravaged India partially offset optimism over the global economic recovery.
mcx commodity live charts
IEA says oil producers may struggle to gauge demand amid second wave
Oil producers – Global oil stocks which rose during the height of the pandemic are being steadily reduced, the International Energy Agency (IEA) said on Wednesday, but a second wave is slowing demand and will complicate efforts by producers to balance the market.
MCX Crude Oil Future Price above 2820, Targets Price 3220—3440—3880++ Neal Bhai Reports
MCX Crude Oil Future Price above 2820, Targets Price 3220—3440—3880++ Neal Bhai Reports
MCX Crude Hit 1st Target 4310 2nd Target 4440 – Enjoy or Not – Neal Bhai Reports
Crude Oil on MCX settled up 0.73% at 4272 as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain. Prices seen supported by efforts by the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia to cut production.
Crude Oil prices Slip as Trade War Concerns Haunt Market
Crude Oil prices slipped for a second straight day on Tuesday as a slowing global demand outlook outweighed OPEC’s deal with associated producers last week to deepen output cuts in 2020.
MCX Crude (Dec) Pani Pani All Target Done Watch Low 4017 – Fast Join Day Trading for Small Trader’s
Russia unlikely to agree to deepen oil output cuts – Citing three sources familiar with talks, Reuters on Tuesday reported that Russia was unlikely to agree to deepen additional oil output cuts at the Organization of the Petroleum Exporting Countries’ (OPEC) meeting in Vienna on December 5th.
