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Crudeoil to trade in 3096-3210: Achiievers Equities


According to Achiievers Equities, Crude dropped because of investor concerns that OPEC-led supply cuts were not yet reducing record U.S. crude inventories.

Oil could collapse into the $30s if OPEC doesn't keep its act together

24-03-2017| Source:CNBC

That should help support oil prices, after the recent 10 percent plunge since investors began to doubt the deal earlier this month. The international benchmark Brent crude temporarily fell below

Crudeoil to trade in 3514-3610 range: Achiievers Equities


According to Achiievers Equities,Crude oil gained after Saudi Arabia's oil minister gave mixed messages on future OPEC production cuts.

China posts first monthly trade deficit in 3 yrs as imports soar

08-03-2017| Source:Reuters

China posted its first monthly trade deficit in three years in February as imports surged at their fastest pace since early 2012, driven by its strong demand for commodities from iron ore to crude

Expect Crude Oil prices to trade lower today: Angel Commodities


According to Angel Commodities, We expect oil prices to trade lower today, international markets are trading lower by half a percent at $52.84 per barrel.

Iraq oil minister reports 85% compliance with OPEC supply cut

08-03-2017| Source:Reuters

Iraq's baseline for the cut was 4.56 million bpd of crude. OPEC's compliance with the agreement rose to 94 percent at the end of February versus 82 percent in January, according to a Reuters survey.

Saudi energy minister says oil market fundamentals improving

08-03-2017| Source:Reuters

The kingdom led a pact between the Organization of the Petroleum Exporting Countries and other major producers, such as Russia and Kazakhstan, to cut global crude output by about 1.8 million barrels

Crude prices fall on US stocks build

08-03-2017| Source:Reuters

US West Texas Intermediate (WTI) crude fell 32 cents, or 0.6 percent, to USD 52.82 a barrel as of 0107 GMT, after ending the previous session down 0.1 percent.

SEBI asks RBI to review commodity hedging norms: Source


which were affected by overseas pricing, added the source.Hedging is a mechanism to cover future costs or realisation price in advance to minimise risks.Crude oil, soya bean and palm oil are the three

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