Don’t have an account?
New to Moneycontrol - Sign up now
Its easy and FREE!
OR connect with
A Quick View
According to Achiievers Equities,Crude oil settled flat reversing earlier gains as fading expectations of a coordinated production cut among major global oil producers weighed.
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend and updates from the commodity space.
US West Texas Intermediate crude oil futures were trading at USD49.34 per barrel at 0012 GMT, down 62 cents, or 1.24 percent, from their last settlement.
Watch the interview of T Gnanasekar, Director of CommTrendz Research & Fund Management with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
International Brent crude oil futures were trading at USD 51.38 per barrel at 0117 GMT, down 8 cents from their last close.
According to Achiievers Equities,Crude oil edged higher as Russia reiterated its commitment to joining a producers' output freeze to stem a two-year slide in prices.
Watch the interview of Ravindra Rao of Anand Rathi Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Since pushing above USD 50 per barrel, crude has taken a bit of a breather. Nevertheless, at least one chartist thinks oil is heading toward fresh highs.
Brent crude futures were trading at USD 51.59 per barrel at 0133 GMT, down 19 cents, or 0.4 percent, from their last close.
Saudi Oil Minister Khalid al-Falih said that the current cycle of falling crude prices is close to an end as market fundamentals improve.Oil prices are currently hovering at around USD 50 per barrel
Improved operational efficiencies with supportive crude prices helped Cairn India report stellar set of earnings for the second quarter, say experts tracking the company.
According to Achiievers Equities,Crude oil dropped on profit-taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production.
Watch the interview of Arbind Kumar of Grovalue with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
against a basket of other leading currencies on Thursday, potentially crimping demand as fuel becomes more expensive for countries using other currencies.US West Texas Intermediate (WTI) crude was trading
Asian stocks slipped with a fall in crude oil prices dampening investor risk sentiment, while the dollar hovered near a seven-month high against an index of peers.
The company has shown better performance in terms of gross refining margins. Given the higher crude oil prices and their ability to source heavy duty crude at a lower price, the GRM in the third
Brent crude to trade in the range of USD 50-60 per barrel on back of uncertainty surrounding what OPEC will do in the next meet scheduled on November 30, said Virendra Chauhan, Oil Analyst, Energy
,650 is the one of the key hurdles for the Nifty.With the recent rally in global crude prices, Gujral said this is the right time to get into crude beneficiaries.Watch video for more.
According to Achiievers Equities,Crude oil gained after the U.S. EIA reported an unexpectedly large U.S. oil inventory drawdown last week.
Watch the interview of Navneet Damani of Motilal Oswal Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.