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Oil dips after meeting resistance at $50 level

27-05-2016| Source:PTI

At about 0815 IST, US benchmark West Texas Intermediate for July delivery was down 29 cents at USD 49.19 a barrel while Brent North Sea crude, the European standard, was 33 cents lower at USD 49.26.

Oil prices retreat from $50 on oversupply concerns

27-05-2016| Source:Reuters

Oil pushed through USD 50 for the first time in around seven months on Thursday as supply disruptions from Canadian wildfires and attacks in Libya and West Africa have helped cut daily output by 4

See no crude price decline after June OPEC meet: Energy Aspects  

26-05-2016| Source:CNBC-TV18

Virendra Chauhan, Oil Analyst, Energy Aspects expects no decline in crude oil prices after the June 2 OPEC meeting. He expects no change in prices after the meeting.

Crude Oil prices to move higher towards 3210 levels: Choice


Choice Equity Broking report on Crude OilCrude OilMCX Crude Oil price has completed a  “Bearish AB=CD Harmonic Pattern” at 3330  levels . Moreover prices has continuously faced

Oil prices top $50, Asian shares struggle as China sags

26-05-2016| Source:Reuters

Brent oil futures climbed above USD 50 a barrel on Thursday for the first time in nearly seven months, boosted after US government figures showed a sharper-than-expected drawdown in crude stocks last

Crudeoil to trade in 3209-3369. range: Achiievers Equities


According to Achiievers Equities, Crude oil rallied as a strin of production slowdowns in Canada, Nigeria and Libya in recent weeks has provided upside pressure.

Oil nears $50 as US inventories fall

25-05-2016| Source:PTI

The American Petroleum Institute yesterday reported that crude inventories dropped by 5.14 million barrels last week, Bloomberg News reported. Data from the Energy Information Administration due

Oil prices climb as US crude stocks seen shrinking  

25-05-2016| Source:Reuters

Oil prices were also supported by an overnight surge in US equities and strong US home sales that could point to the US Federal Reserve raising interest rates as early as June.

India's soybean area seen falling as farmers switch to pulses

24-05-2016| Source:Reuters

Soybean is the main summer-sown oilseed crop for the world's biggest importer of edible oil, but prices have dropped 10 percent in the past two years, while the prices of pulses such as red gram have

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