May 27, 2016 at 11:06 | Source: Moneycontrol.com
According to Angel Commodities , We expect CPO prices to trade sideways to higher on reports of higher prices in International markets as demand set to increase steady.
May 27, 2016 at 10:36 | Source: PTI
At about 0815 IST, US benchmark West Texas Intermediate for July delivery was down 29 cents at USD 49.19 a barrel while Brent North Sea crude, the European standard, was 33 cents lower at USD 49.26.
May 27, 2016 at 08:19 | Source: Reuters
Oil pushed through USD 50 for the first time in around seven months on Thursday as supply disruptions from Canadian wildfires and attacks in Libya and West Africa have helped cut daily output by 4 million barrels. Increased demand and a weaker dollar helped support prices.
May 26, 2016 at 16:39 | Source: CNBC-TV18
Virendra Chauhan, Oil Analyst, Energy Aspects expects no decline in crude oil prices after the June 2 OPEC meeting. He expects no change in prices after the meeting.
May 26, 2016 at 13:31 | Source: Moneycontrol.com
According to Choice Equity Broking , For now we expect prices to move higher towards 3210 levels in coming trading sessions.
May 26, 2016 at 11:30 | Source: Reuters
Brent LCOc1 had climbed 34 cents to USD 50.08 a barrel by 0520 GMT, its highest since Nov. 4. It ended the previous session up USD 1.13, or 2.3 percent.
May 25, 2016 at 15:19 | Source: Moneycontrol.com
According to Achiievers Equities, Crude oil rallied as a strin of production slowdowns in Canada, Nigeria and Libya in recent weeks has provided upside pressure.
May 25, 2016 at 10:08 | 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 later today are likely to confirm the fall in supplies.
May 25, 2016 at 07:58 | 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.
May 24, 2016 at 12:00 | Source: Moneycontrol.com
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 sentiments for oil markets.