Natural Gas prices rebounded in yesterday’s session settled at 184.70 up by +0.49% following a larger than expected draw in natural gas inventories according to a report from the Department of Energy.
Energy Market
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Crude Oil Rises OPEC+ on Jan. 1 cut output by 1.2 Million Barrels per day (bpd), New Optimism on US-China Trade Deal
Crude Oil prices posted early gains as OPEC’s outlook for oil demand next year fuelled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.
MCX Crude Oil Trading Tips Rocking Watch 3900 To 4267, Almost 355 Point Up – Neal Bhai Reports
Crude Oil futures leapt this morning by over 15% in a knee-jerk reaction to the attack on the Saudi Arabia Abqaiq oil facility over the weekend that notionally, took 5% of the world’s supply offline.
MCX Crude Trading Tips – If sustain above ₹4200 level Positional Target 4275—4360—4444
MCX Crude Trading Tips – If sustain above ₹4200 level Positional Target 4275—4360—4444, Below 4190 Correction Expected.
Watch MCX Natural Gas Enjoy or Not 161 To 170.60 Boom Boom, I Told You Buy 500-1000 Lots – Neal Bhai
Gold Silver Reports (GSR) – Natural gas consumption has huge potential in India and needs policy thrust to raise its share in India’s primary energy mix to 15%, as targeted by the government, from about 6% today, credit rating agency CRISIL Research Report.