MCX Crude Oil

Crude Oil Prices Up on Venezuelan Supply Troubles

Gold Silver Reports (GSR) – Brent crude futures LCOc1 were up 33 cents, or 0.4 percent, to $75.69 a barrel at 0101 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 was up 38 cents, or 0.6 percent, at $65.11 a barrel. It ended the previous session 1.2 percent lower at $64.73 a barrel.

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MCX Crude Oil

WTI Slip on Threat of OPEC Boost, Funds Quit Crude

Gold Silver Reports (GSR) – WTI Slip on Threat of OPEC Boost – Crude Oil Prices finished with a modest loss on Thursday, a day after a big rally, as rising output from the U.S. remained a threat to efforts by other major producers to re-balance the market.      

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Crude Oil Conspires With Politics to Drive Rupee Toward Record Low

Gold Silver Reports (GSR) – Crude Oil Conspires With Politics to Drive Rupee Toward Record Low — Brent crude rose above $80 a barrel last week for the first time since 2014, and is looking ominous for the nation’s budget deficit, inflation and the currency. Meanwhile, Modi faces the prospect of rival parties uniting to block his re-election bid after their success at a recent state poll.

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OIL REPORT — 1-U.S. Shale Oil Output to Hit Record High 7.9 Mln Bpd in Dec -EIA

Crude Oil Price Holds Near $70 as Trump Dumps Iran Deal

Gold Silver Reports (GSR) – Crude Oil Price Holds Near $70 as Trump Dumps Iran Deal — The U.S. benchmark crude surged above $70 a barrel to start the week as traders speculated on Trump’s next move against the Islamic Republic. The U.S. will be working with its allies to “find a real, comprehensive and lasting solution to the Iranian threat,” Secretary of State Mike Pompeo said in an emailed statement.

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Iran Decision: What’s at Stake for Global Oil Market?

Gold Silver Reports (GSR) – Iran Decision: What’s at Stake for Global Oil Market? – He could still surprise the world by agreeing to stay in the accord as diplomats try to negotiate side agreements to address his concerns, but foreign leaders and analysts say the president is likely to exit. That could result in renewed sanctions on the third-largest crude producer in the Organization of Petroleum Exporting Countries.                

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Donald Trump to meet North Korean leader Kim Jong-un on June 12 in Singapore

Donald Trump Has Decided to Exit Iran Nuclear Deal News By Neal Bhai MFA Technical Analyst

Gold Silver Reports (GSR) – Donald Trump Has Decided to Exit Iran Nuclear Deal News By Neal Bhai MFA Technical Analyst – Trump plans to announce he will reimpose all U.S. sanctions that were waived under the terms of the 2015 nuclear agreement and impose new penalties on the Islamic Republic, according to The New York Times. The paper cited a person briefed on a call between Trump and French President Emmanuel Macron that it didn’t identify.

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