crude oil fundamentals
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40 Results Found
  • Crude oil price rises for third successive day on improved risk sentiment Jul 22, 2021 05:04 PM IST

    Crude oil price rises for third successive day on improved risk sentiment

    The black gold has been trading higher than 5, 50, 100 and 200 days' moving averages but lower than the 20-day moving averages on the daily chart.

  • Crude oil prices decline on subdued global cues; market to turn surplus in Q1 2022, says S&P Global Platts Jul 20, 2021 05:05 PM IST

    Crude oil prices decline on subdued global cues; market to turn surplus in Q1 2022, says S&P Global Platts

    The prices have tumbled by Rs 717 or 12.59 percent from the high of Rs 5,695/barrel it reached on July 5.

  • Crude oil price tumbles 2.51% on slower demand recovery, OPEC+ deal; corrects 8.31% from recent high Jul 19, 2021 05:17 PM IST

    Crude oil price tumbles 2.51% on slower demand recovery, OPEC+ deal; corrects 8.31% from recent high

    Crude may remain choppy as market players assess OPEC+ decision and amid positioning for the expiration of the August contract.

  • Crude oil price fall on concerns of rising Delta variant cases, excess supply Jul 16, 2021 04:53 PM IST

    Crude oil price fall on concerns of rising Delta variant cases, excess supply

    The momentum indicator Relative Strength Index (RSI) is at 49.41, which indicates sideways movement in the prices.

  • Crude oil prices decline 1.5% on demand concerns; WTI falls below $72 a barrel Jul 15, 2021 06:53 PM IST

    Crude oil prices decline 1.5% on demand concerns; WTI falls below $72 a barrel

    Crude oil prices have fallen back from the recent highs gaining support from mixed inventory reports and OPEC uncertainty.

  • Crude oil retreats on lower demand concern; focus on weekly inventory report Jul 14, 2021 06:08 PM IST

    Crude oil retreats on lower demand concern; focus on weekly inventory report

    Crude may remain range-bound ahead of inventory report and prices may weaken if EIA report fails to surprise.

  • Crude oil rises on tighter supply, OPEC stalemate; WTI trades jump above $74 a barrel Jul 13, 2021 04:58 PM IST

    Crude oil rises on tighter supply, OPEC stalemate; WTI trades jump above $74 a barrel

    Amid other factors, support from firmer equities, delay in Iran talks and lower US crude stocks is countered by rising virus cases, concerns about Chinese demand and signs of rising US output.

  • Crude oil prices slump on rising Delta variant cases; Brent trades below $75/bbl Jul 12, 2021 05:17 PM IST

    Crude oil prices slump on rising Delta variant cases; Brent trades below $75/bbl

    Crude oil is likely to remain volatile unless there is clarity from OPEC however rising virus concerns and the prospect of higher supply may keep pressure on price.

  • Oil prices rise 1.5% on strong global trends; Brent trades above $74 a barrel Jul 09, 2021 04:52 PM IST

    Oil prices rise 1.5% on strong global trends; Brent trades above $74 a barrel

    The black gold has been trading higher than 20, 50, 100 and 200 days' simple moving averages but lower than the 5-day moving averages on a daily chart.

  • Crude oil hits fresh 52-week high after OPEC+ fail to agree production plan; Brent inches near $78 a barrel Jul 06, 2021 05:11 PM IST

    Crude oil hits fresh 52-week high after OPEC+ fail to agree production plan; Brent inches near $78 a barrel

    Patel expects crude oil prices are expected to trade up for the day with resistance at $78 and support at $76 per barrel.

  • Crude oil trades with modest gain ahead of OPEC+ decision; Brent jumps above $76 a barrel Jul 05, 2021 05:45 PM IST

    Crude oil trades with modest gain ahead of OPEC+ decision; Brent jumps above $76 a barrel

    The crude oil demand outlook is bright as fuel demand is recovering on increased travel in summer season and eased lockdown measures.

  • Oil prices rise marginally ahead of OPEC decision; WTI trades above $75 a barrel Jul 02, 2021 04:15 PM IST

    Oil prices rise marginally ahead of OPEC decision; WTI trades above $75 a barrel

    Crude may remain choppy ahead of OPEC decision; however general bias remains positive as the cartel is expected to maintain gradual production hikes.

  • Crude oil rises on strong demand outlook, drawdown in inventory; climbs 55.76% in H1 2021 Jul 01, 2021 04:37 PM IST

    Crude oil rises on strong demand outlook, drawdown in inventory; climbs 55.76% in H1 2021

    Crude may remain sideways ahead of OPEC meeting but the general bias remains positive as OPEC may maintain gradual production hike stance.

  • Crude oil prices near 52-week high ahead of EIA inventory report; WTI trades above $74 a barrel Jun 30, 2021 06:48 PM IST

    Crude oil prices near 52-week high ahead of EIA inventory report; WTI trades above $74 a barrel

    The black gold has been trading higher than 5, 20, 50, 100 and 200 days' simple moving averages and exponential moving averages on a daily chart.

  • Oil prices fall for second straight day on coronavirus concerns, profit booking; Brent slips below $74 a barrel Jun 29, 2021 04:46 PM IST

    Oil prices fall for second straight day on coronavirus concerns, profit booking; Brent slips below $74 a barrel

    The momentum indicator Relative Strength Index is at 64.43, indicating bullish movement in prices.

  • Crude oil eases after touching fresh 52-week high; focus shift to OPEC+ meet Jun 28, 2021 05:06 PM IST

    Crude oil eases after touching fresh 52-week high; focus shift to OPEC+ meet

    The black gold has been trading higher than 5, 20, 50, 100 and 200 days' simple moving averages and exponential moving averages on a daily chart.

  • Crude oil jumps on upbeat demand outlook after rising 2% last week Jun 21, 2021 04:47 PM IST

    Crude oil jumps on upbeat demand outlook after rising 2% last week

    The black gold has been trading higher than 5, 20, 50, 100 and 200 days' simple moving averages and exponential moving averages on a daily chart.

  • Crude oil hit fresh high on higher demand prospect; Brent inches closer to $75 a barrel Jun 16, 2021 05:35 PM IST

    Crude oil hit fresh high on higher demand prospect; Brent inches closer to $75 a barrel

    Crude oil has continued to set new highs indicating upward momentum but there is a disconnect with larger markets and price may succumb to profit taking if inventory report disappoints.

  • Crude oil futures within striking distance of fresh 52-week high; Brent nears $74 per barrel Jun 15, 2021 05:11 PM IST

    Crude oil futures within striking distance of fresh 52-week high; Brent nears $74 per barrel

    Crude oil has held firm on demand expectations; however, persistent weakness in commodities may keep a check on the gains.

  • Crude oil scales to fresh 52-week high on fuel demand recovery hope; speculators raise net long positions Jun 14, 2021 04:54 PM IST

    Crude oil scales to fresh 52-week high on fuel demand recovery hope; speculators raise net long positions

    Crude oil prices rose on fuel demand recovery hopes from the US, China and Europe with ease in lockdown measures and reopening of the economic activities.

  • Crude oil rises on upbeat growth outlook, jumps 2.67% so far this week Jun 11, 2021 04:24 PM IST

    Crude oil rises on upbeat growth outlook, jumps 2.67% so far this week

    The oil price is supported by a sharp drop in US crude stocks, OPEC’s upbeat growth outlook and choppy US dollar index.

  • Crude oil trades at day's high as WTI regains $70/bbl, just shy of fresh 52 weeks high Jun 10, 2021 04:55 PM IST

    Crude oil trades at day's high as WTI regains $70/bbl, just shy of fresh 52 weeks high

    However, weighing on crude is choppiness in the equity market and concerns about Chinese demand amid mixed data and efforts to curb rising raw material prices.

  • Crude oil soars to fresh high since October 16, 2018 on demand recovery hopes, Brent inches closer to $73/bbl Jun 09, 2021 05:58 PM IST

    Crude oil soars to fresh high since October 16, 2018 on demand recovery hopes, Brent inches closer to $73/bbl

    Crude oil prices are expected to trade sideways to higher for the day with resistance at $72 and support at $68 per barrel.

  • Crude oil prices snap five-day winning streak, demand outlook remains robust Jun 03, 2021 05:28 PM IST

    Crude oil prices snap five-day winning streak, demand outlook remains robust

    Market players will take further cues from US EIA weekly inventory data due later in the day.

  • Crude oil futures cross Rs 5,000/barrel barrier on higher demand outlook; hits highest level since October 2018 Jun 02, 2021 04:40 PM IST

    Crude oil futures cross Rs 5,000/barrel barrier on higher demand outlook; hits highest level since October 2018

    Crude oil prices are expected to trade up for the day with resistance at $70 and support at $67 per barrel.

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