Crude Oil Blast or Not Watch High 5100 Boom Boom Yaad Hai Mera Ultimate Target 5600 Seller Saaf – Neal Bhai
West Texas Intermediate (WTI) US Crude Oil prices collapsed below $60.00 per barrel on Friday, tumbling over 4% in Oil’s worst single-day performance since June’s sharp pullback. Hopes for a cooling of tariffs between the US and China were swept off the table to end an otherwise unremarkable week, souring already-weak investor sentiment amidst an extending US government shutdown.
Crude oil settled flat as signs of tightening U.S. output were offset by a stronger dollar and fears rising U.S.-China trade tensions could hamper oil demand. Oilfield services firm Baker Hughes reported that the number of U.S. oil drilling rigs in operation fell by 2 to 860.
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Crude MCX Kiss High ₹ 4835 – I Told you, Need Patience My Ultimate Target 5010—5240 – Very Soon – Neal Bhai Reports Yesterday Crude Oil …
Crude Oil on MCX settled up 1.73% at 4767 amid reports that Saudi Arabia pumped fewer crude barrels in July, while the U.S. saw a drop in active drilling rigs. Oil prices made a bright start to the session as bulls cheered a drop in Saudi output and signs of tightening U.S. output.
Gold Silver Reports (GSR) – Crude Oil on MCX settled down 2.22% at 4629 after data showed an unexpected build in U.S. crude stockpiles as imports increased and exports fell. Oil prices were also hampered by a reported increase in UAE output by about 85,000 barrels a day July.
Gold Silver Reports (GSR )- Technically, the price today moved away from the 100 and 200 hour MAs (blue and green lines in the chart above), but stalled near a topside trend line. The price came off against that trend line (currently at $70.35 and moving higher).