Gold Silver Reports (GSR) – “Given the size of dislocations in commodity pricing relative to fundamentals, with oil now having joined metals in pricing below cost support, we believe commodities offer an extremely attractive entry point for longs in oil, gold and base (metals),” the bank said in a note.
OPEC
JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019
Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC that the investment bank recently revised its outlook in part due to North American supply ramping up in the second half of next year. JP Morgan expects the price of Brent, the international benchmark for oil, to go toward $64 in 2020.
MCX Crude Oil Tips – Buy on Dips Strong Support @4013 – Neal Bhai Reports
Crude Oil on MCX settled up 0.12% at 4109 supported by expected supply cuts from OPEC but held back by record U.S. production.
Crude Oil WTI Tips – Keey Eye on $57.50 Above We See Only Blast – Neal Bhai Commodity Guru
Crude Oil WTI Tips – Keey Eye on $57.50 Above We See Only Blast – Neal Bhai Commodity Guru
Crude Oil Marketers Gains As Crude Resumes Decline
The stocks were the best performers on the Nifty 50 Index.
Shares of the Crude oil marketing companies rose in today’s trade after the crude oil resumed declines after a one-day rally.
The Brent crude oil slip 0.86 percent to trade at 69.52 a barrel.