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.
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MCX Crude (Dec) Pani Pani All Target Done Watch Low 4017 – Fast Join Day Trading for Small Trader’s
Russia unlikely to agree to deepen oil output cuts – Citing three sources familiar with talks, Reuters on Tuesday reported that Russia was unlikely to agree to deepen additional oil output cuts at the Organization of the Petroleum Exporting Countries’ (OPEC) meeting in Vienna on December 5th.
WTI Crude Oil Price Touch Trendline Support, Bears in Control – Neal Bhai Reports
The WTI Crude Oil price of oil was lower again on Friday, with West Texas Intermediate crude travelling from a high of $56.75 to a low of $54.79 and ending the day down -0.80%. Prior to the cash close, WTI crude for November delivery has dropped lost 50 cents, or 0.9%, to settle at $55.91 a barrel on the New York Mercantile Exchange.
Crude Oil Prices Rise 1% on Wednesday as Industry Data Showed US Crude Stockpiles Fell More Than Expected
Crude Oil prices rose more than 1% on Wednesday to their highest in nearly a month as industry data showed US crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential US-Iran conflict.
Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil
White House: US, Saudi Arabia, UAE ‘Have agreed to assure that global demand is met as all Iranian oil is removed from the market’
Crude MCX Above 4410 Looking Hot Hot, Only Buy
Nigeria Boasts Oil Production Cost of $23 Per Barrel
The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil companies were not stopping there and were aiming to reduce this further, to US$15 a barrel.
Crude Oil Heads for Best First Quarter in 17 Years on Supply Forecast
Crude Oil continued its torrid start to the year as bullish supply news from the world’s second-biggest producer and disruptions to refiners along the Houston Ship Channel kept futures on pace for the best first quarter since 2002.
Long Term MCX Natural Gas Target 212—224—254 Buy on Dips
Long Term MCX Natural Gas Target 212—224—254 Buy on Dips
Natural Gas on MCX settled down 1.82% at 194.1 on forecasts for moderating weather and declining heating demand over the next two weeks.
Commodities Weekly Technical Research Report 18 — 22 March 2019
Commodities Weekly Research Report
MCX Weekly Forecast : 11 March To 15 March 2019
MCX Crude Oil Tips Above 3900 Target 4080—4140—4220
MCX Crude Oil Tips Above 3900 Target 4080—4140—4220
MCX Crude Oil settled down 3.75% at 3932 after US President Trump said oil prices are “too high”. The comment that urges OPEC to lower the cost of crude put pressure on the Saudi-led group to soften its price-boosting output cuts.