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Funds prepare $2 billion oil market play as supply tightens

27-02-2017| Source:Reuters

On Friday - for the first time in six years - a rule in one of the most popular commodity market indices was triggered, requiring funds tracking the index to sell Brent crude futures contracts

Oil ticks up on supply cuts, but rising US output caps gains

27-02-2017| Source:Reuters

Brent crude oil climbed 0.2 percent to USD 56.09 a barrel, while US West Texas Intermediate added 0.1 percent to USD 54.04 a barrel.

Oil prices fall as US crude inventories rise further

24-02-2017| Source:Reuters

U.S. crude stocks rose by 564,000 barrels in the week to Feb. 17, according to the Energy Information Administration (EIA), although the gain was below analysts' expectations for an increase of 3

US turns into 'oil nation' with record exports

24-02-2017| Source:CNBC

The US exported a record amount of crude oil, topping a million barrels a day for a second week and filling the gap in world markets created by OPEC cutbacks.

Iran says oil prices over $55 per barrel harmful for OPEC: Fars

23-02-2017| Source:Reuters

Iran said on Thursday an increase in oil prices to more than USD55 per barrel was not in the interest of OPEC as it would lead to a rise in output by non-OPEC producers, the semi-official Fars news

OPEC cuts will result in inventory drawdowns: Amrita Sen  

23-02-2017| Source:CNBC-TV18

Watch the interview of Amrita Sen of Energy Aspects with Manisha Gupta on CNBC-TV18. She speaks about the current trends in crude oil in the commodities market.

Crudeoil to trade in 3542-3692 range: Achiievers Equities


According to Achiievers Equities, Crude oil prices fell sharply as investors looked ahead to weekly data from the U.S. on stockpiles of crude and refined products.

Expect Crude Oil prices to trade higher today: Angel Commodities


According to Angel Commodities, on the MCX, oil prices are expected to trade higher today, international markets are trading higher by 1 percent at $54.05 per barrel.

At RBI policy meet, four members mentioned 'sticky' inflation  


(+ / - 2 percent) till 2021.RBI Governor Urjit Patel said that the short-run assessment of evolving macroeconomic conditions remains clouded. He mentioned the firming up of crude oil and commodity prices

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