Crude oil prices on Friday gained Rs 36 to Rs 4,236 per barrel as speculators created fresh positions amid positive trend at spot market.
Crude Oil Trend Today
MCX Crude Tips Rocking – 4100 to 4069 – Don’t Miss It, Fast Join Day Trading for Small Trader’s
MCX Crude Tips Rocking – 4100 to 4069 – Don’t Miss It, Fast Join Day Trading for Small Trader’s
Crude Oil on MCX settled down 1.38% at 4077 due to excess supply in the market and on uncertainty over a potential trade deal between the U.S. and China. U.S. shale production is likely to climb by 49,000 barrels a day in December to 9.133 million barrels a day.
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Crude Oil imports support rise in consumption as production fall in August
India’s crude oil production in August decreased 5.4% year-on-year. Production volumes of Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL) declined 3.7% year-on-year and 4.3% year-on-year, respectively, and that of fields under production-sharing contracts decreased 9.5% year-on-year during the month, rating agency India Ratings and Research (Ind-Ra) said its monthly report.
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.
Crude Oil Jump After Drone Attack on Oil Plants
Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as the country grappled with weekend drone attacks on the heart of its oil production facilities in Abqaiq and Khurais claimed by Yemen’s Houthi rebels.