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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.

Expect Crude Oil prices to trade lower today: Angel Commodities


According to Angel Commodities , we expect oil prices to trade lower on profit booking at higher levels, besides, Iran has vowed to increase its exports of crude in the coming months creating bearish

Oil prices continue dip with stronger dollar

24-05-2016| Source:PTI

Oil extended losses in Asia today as a stronger US dollar and progress in controlling wildfires in Canada's crude-producing Alberta province dampened prices.Hawkish remarks by US Federal Reserve

Oil prices little changed as dollar gains, US drawdown seen

24-05-2016| Source:Reuters

Oil prices were little changed in thin early Asian trade on Tuesday as a firmer dollar weighed on oil markets while a likely drawdown in US crude and gasoline stockpiles pointed to stronger demand

Crudeoil to trade in 3205-3371. range: Achiievers Equities


According to Achiievers Equities, Crude oil prices pared gains amid broad signals that supply disruptions in Nigeria, Canada and Libya are about to end.

Oil prices dip after Iran says it won't freeze output

23-05-2016| Source:PTI

Oil prices dipped in Asia today after Iran said it has no plans to join any output freeze by other major crude producers.The Organisation of the Petroleum Exporting Countries (OPEC), of which Iran

Sensex, Nifty marginally higher; Midcap outperforms, FMCG gains


Oil prices slipped in Asian trade today, hit by a strong dollar and signs that global crude supply is holding up even as unplanned outages rise to at least a five-year high.

Oil prices dip on strong dollar, firm global supplies

23-05-2016| Source:Reuters

Oil prices slipped in Asian trade on Monday, hit by a strong dollar and signs that global crude supply is holding up even as unplanned outages rise to at least a five-year high.In a further sign

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