MCX Crude Target Today: Crude Oil yesterday settled down by 5.45% at 4233 on concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow recovery in fuel demand and as producers cut prices, indicating ample oil supply.
The U.S. oil futures curve is showing signs of strain and may soften further in the coming weeks with Asian refiners’ appetite for American barrels diminishing.
MCX Crude Oil Tips Today : Crude Oil price yesterday settled down by -0.11% at 4364 as a cold front shut wells and refineries in Texas, Who is the largest producer of oil? The biggest crude producing state in the United States, the world’s biggest oil producer.
Brent Oil advanced near $60 a barrel as global supplies tighten and the demand outlook improves with the rollout of Covid-19 vaccines.
Crude Oil Tips Today – Buy Call Rocking 3455 To 3586 – Neal Bhai Reports
CRUDE OIL 3455 To 3586 = 131 POINTS, Rs. 13,100 PER LOTS
VACCINE PROGRESS TO UNDERPIN OIL PRICES
Crude oil prices have stormed higher since falling to multimonth lows at the start of November, climbing over 40% in the last 6 weeks on the back of positive Covid-19 vaccine progress and the decision by OPEC+ to ease output cuts more moderately than expected.