MCX Crude Oil Today: Crude oil trading tips were recommended to be avoided on this day, in which all the members (Paid Member’s) made huge profits, in which crude oil fell by 200 points and today’s target was achieved.
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Crude oil prices began to trade on Thursday with little change from Wednesday’s close as opposing forces kept them stable.
On the one hand, fear of a U.S. debt default is driving bearish sentiment and the respective trade behavior, which is pressuring prices.
On the other hand, the Saudi Energy Minister suggested earlier this week OPEC+ might cut more output unless short sellers behave, and that lent oil some upward pressure.
- Oil prices were down slightly on Thursday morning, with WTI trading at $73.83 while Brent is trading at $77.94.
- While fears of a potential U.S. debt default are weighing on prices, the prospect of a further OPEC+ cut in early June is providing some upward pressure.
- Both the debt ceiling saga and the OPEC+ meeting are due to come to a head in early June, leaving oil markets in wait-and-see mode this week.
- Crude oil Tips: क्रूड ऑयल में लगेगी आग, हर गिरावट पर खरीदे, लक्ष्य 6400 बहुत जल्द। धैर्य चाहिए
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