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Crude oil to trade in 3532-3620 range: Achiievers Equities


According to Achiievers Equities, Crude oil prices remained under pressure amid a report forecasting U.S. output would again rise this year.

HSBC funding Indonesian forest destruction: Greenpeace

17-01-2017| Source:PTI

The environmental group said the British bank had broken its own guidelines which ban supporting palm oil companies involved in unsustainable practices as it was part of syndicates that had arranged

Oil production in Asia declining at record levels:Wood Mackenzie

17-01-2017| Source:CNBC

China, Indonesia, Malaysia and Thailand are among the biggest producers in Asia but the near having of crude oil prices since 2014 has hit the industry and resulted in an annual average base decline

Oil mixed on Saudi commitment to cut output, investor scepticism

17-01-2017| Source:Reuters

US West Texas Intermediate (WTI) crude oil futures were trading up 16 cents at USD 52.53 per barrel at 0136 GMT.

Crude oil to trade in 3531-3657 range: Achiievers Equities


According to Achiievers Equities, Crude oil dropped on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy.

Oil prices edge up on weaker dollar, expected crude output cuts

16-01-2017| Source:Reuters

Brent crude futures, the international benchmark for oil prices, were trading at USD 55.64 per barrel at 0344 GMT, up 19 cents from their last close.

OPEC head confident in commitment,enthusiasm for output cut deal

14-01-2017| Source:Reuters

Under the accord, the Organization of the Petroleum Exporting Countries and Russia and other non-members of the producer group will curtail oil output by nearly 1.8 million bpd, initially for six

RBI may cut repo rate by 25 basis points in Feb: HSBC report

13-01-2017| Source:PTI

With uncertanity over implementation of GST, rising crude oil prices and the challenging 4 percent CPI in medium term, Reserve Bank may cut repo rate for the final time by a 25 basis points

Crude oil to trade in 3508-3696 range: Achiievers Equities


According to Achiievers Equities, Crude oil gained on reports key OPEC members were starting to cut production as promised and on forecasts of strong demand growth in China.

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