Posted on September 4, 2016
Posted on August 28, 2016
Crude Oil Commodity Trading tips market prices as expected encountered massive fall seeing rising supply globally along with slump in products side demand.
On weekly basis, October contract WTI International and November contract Brent crude oil suffered losses close to 6.50% each.
September contract MCX crude oil went down by 7% on weekly basis.
If we speak of Friday’s closing, upside moves were witnessed after the comments from Russian President over the Algerian meet which would be discussed later in this file.
As per Friday’s closing, WTI International posted gains more than 1.50%, ending the week’s trade at $44.20/bbl.
Gains in Brent crude oil were close to 2% on Friday, ending the week’s trade at $46.68/bbl.
MCX crude oil posted gains more than 2% due to the rupee effect and ended the week’s trade at Rs.2975/bbl. Read More → “Crude Oil Outlook for the Week (September 05, 2016 – September 09, 2016)”
Posted on July 28, 2016
Crude Oil Commodity trading prices this week as expected moved down as the rumors for production cuts by the OPEC members during Algerian meet is getting faded away.
- Apart from this, rise in crude and gasoline stocks as per the weekly EIA data released on Wednesday also pushed down the prices.
- On weekly basis, October contract WTI International and Brent crude oil went down by around 3.70% and 2.40%.
- Losses in September contract MCX crude oil were around 3%.
- As per Friday’s closing, losses in WTI International and Brent crude oil were around 0.20%, ending their week’s trade at $47.29/bbl and $49.57/bbl respectively.
- September contract MCX crude oil posted gains more than a percent on Friday, ending their week’s trade at Rs.3194/bbl.
Read More → “Crude Oil below the Trend Line in Commodity Trading Tips”
Posted on July 28, 2016
Indian shares rise on Wednesday day trading as drug makers such as Glenmark Pharmaceuticals and Aurobindo Pharma gained after getting approvals for generic versions of a chartbuster cholesterol drug in the United States. The Bombay Stock Exchange Sensex closes at 27916 were gain by 128 points or impel raise by 0.46 percent. Nse Nifty Closes at 8566 were high by 37 points or hush pick by 0.44 percent. The S&P BSE Midcap settling at 12181, up by 109 points or by 0.90 percent, while S&P BSE Small cap closes at 12027 were up by 118 points, or 0.99 percent each on Intraday Stock Market Trading. Read More → “Nifty at Resistance Zone plus Intraday Share Tips”
Crude oil Commodity Trading Prices this week showed ups and downs seeing outlook from the International agencies like OPEC’s MOMR, EIA STEO and IEA. Coming to the OPEC’s latest July month release the same showed demand for the OPEC crude oil surging up in coming months. As per the report, growth in world oil demand in 2016 is expected to be around 1.20 million barrels per day. Non- OPEC supply is expected to decline by 0.90 million barrels per day, averaging around 56 MBPD.
For 2017, they further lowered the forecast to 55.90 MBPD from the Non-OPEC regions. Demand for OPEC crude in 2016 is expected to average 31.9 MBPD, an increase of 1.9 MBPD over the previous year. In 2017, the demand for OPEC crude is projected at 33.0 MBPD, Read More → “Crude Oil Tensions by Turkey plus Commodity Trading Tips”