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According to Mecklai the crude stockpiles have been on a decline in the US which indicates that fresh demand may come and further drive the WTI prices higher. The crude oil inventories reported
The premium at which oil prices are currently trading could be justified based on the nervousness related to Fed meet outcome, but certainly not on account of the recent happenings in Middle East
added that expectations from Federal Reserves meeting, which ends tonight is also one key of the reason for rupee's slide. Apart from global factors, huge dollar demand from oil companies and buying
."US commercial crude oil stocks are expected to fall due to lower imports, according to a preliminary Reuters poll done on Monday.
rupee will impact the imported component of inflation, of which crude oil is a major component. CRISIL Research expects crude oil prices (Indian basket) to average around USD103 per barrel in 2013
India cut its oil imports from Iran by 40 percent till May in 2013. Currently, the country's oil imports from Iran stood at 12.2 percent for May. It replaced those with imports from Venezuela, Iraq
Brokerage house Karvy Commodities Broking is bullish on Crude oil and has recommended traders to remain on the buying side from the lower levels as prices are expected to remain on an upside trend
State-owned Indian Oil Corporation (IOC) announced on Saturday evening that it has hiked petrol prices by Rs 2 per litre, effective midnight, reports CNBC-TV18. The hike, IOC added, follows the steep
According to Ajay Jain, CEO of astromoneyguru.com, Today Mercury Jupiter and Venus are in Air sign Mithun. As per astro economics this combination may lead profit booking in crude oil in commodity
Sharekhan has come out with its report on crude oil. According to the research firm, MCX Crude oil is expected to fall till Rs 5360-5300.
Angel Commodities has come out with its report on international commodities. According to the research firm, in the evening session, precious metals, base metals and crude oil prices are expected
Brokerage house Karvy Commodities Broking is bearish on Crude oil and has recommended traders to remain on sell side in the oil, in its research report dated June 12, 2013.
Brent crude futures had dropped 60 cents to USD 102.36 a barrel by 0649 GMT, while US oil fell 76 cents to USD 94.62.
Fall in commodity prices, particularly crude oil, would bring down India's oil imports. Excluding gold, India has seen current account surplus in eight out of last twelve years. Falling gold prices
Emkay Commodity Research has come out with its report on precious metals and energy. According to the research firm, crude oil prices are expected to go down as higher inventories due to increased
Oil marketing companies have taken a hit due to teh falling rupee. Since HPCL,BPCL import 70% of their crude requirement, they wil now have to pay significantly higher amount toward buying
As per Astro economics, profit booking may be seen in crude oil and Gaur seeds in commodity market, says Ajay Jain, CEO of astromoneyguru.com
Brent crude dipped toward $104 per barrel on Monday as weak data from top energy consumer China muddied the outlook for oil demand, overshadowing the optimism stemming from a pickup in U
Brent crude rose USD 1.21 to USD 104.82 a barrel by 12:05 p.m. EDT (1605 GMT), down from its session high above USD 105 and after going below USD 103. The benchmark was on track to post its strongest