Crude Oil MCX – Next Target Price 2080—2220, Don’t Sell
Crude oil prices on Friday rose Rs 294 to Rs 1,915 per barrel as participants widened their positions in line with a positive trend overseas.
Crude oil prices on Friday rose Rs 294 to Rs 1,915 per barrel as participants widened their positions in line with a positive trend overseas.
Crude Oil slumped to a 17-year low as coronavirus lock-downs cascaded through the worldslargest economies, leaving themarket overwhelmed by crateringdemand and a ballooning surplus of crude.
Crude Oil prices will have a major impact on the direction that the Russian economy will take, according to the chief executive of the Russian Direct Investment Fund (RDIF), but the country’s alliance with major oil producer group OPEC (known as OPEC+) is “ready to act” if necessary, he said.
MCX Crude Tips Rocking – 4030 TO 4104 Enjoy – Boom Boom – Neal Bhai – 9899900589
Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand.
Crude Oil Markets Forecast – Below $52 Sell 500 – 1000 Lots And Relaxx – Neal Bhai Reports
U.S. Crude Oil Futures Tips – Keep Eye on Below $63 level, Only Bloodbath – Target $61—58, Just Watch Strong Support $63.