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  • Crude oil prices climb above Rs 6,100 per barrel on strong demand, supply woes Oct 14, 2021 05:17 PM IST

    Crude oil prices climb above Rs 6,100 per barrel on strong demand, supply woes

    Market participants will take further cues from weekly EIA inventory data to be released later in the day.

  • Crude oil prices retreat after touching fresh 52 week high of Rs 5,956/barrel Oct 06, 2021 05:28 PM IST

    Crude oil prices retreat after touching fresh 52 week high of Rs 5,956/barrel

    The momentum indicator Relative Strength Index is at 77.54, which indicates an overbought level in the prices.

  • Crude oil above Rs 5,800 a barrel, highest since 2014 Oct 05, 2021 05:18 PM IST

    Crude oil above Rs 5,800 a barrel, highest since 2014

    Brent crude has given a breakout above the 50-day moving average, suggesting further upside. OPEC decision to gradually hike production and increasing global demand are expected to support prices, say experts

  • Crude oil prices rise on high demand, dollar downtick; Brent crosses $81 a barrel Oct 04, 2021 05:12 PM IST

    Crude oil prices rise on high demand, dollar downtick; Brent crosses $81 a barrel

    The momentum indicator Relative Strength Index is at 70.70, which indicates a buy in the prices.

  • Crude oil prices climb above Rs 5,500/barrel on firm demand, supply concerns; Brent trades above $78/bbl Sep 27, 2021 05:05 PM IST

    Crude oil prices climb above Rs 5,500/barrel on firm demand, supply concerns; Brent trades above $78/bbl

    Purohit expects the prices to trade with bullish bias in the evening hours and trade near Rs 5,600 levels.

  • Crude oil prices up on supply concerns, higher demand; WTI trades above $70/bbl Sep 21, 2021 07:07 PM IST

    Crude oil prices up on supply concerns, higher demand; WTI trades above $70/bbl

    Crude oil prices are expected to trade up for the day with resistance at $73 and support at $70 per barrel, said Patel.

  • Crude oil price tumbles 2% on selloff in commodity and equities; Brent trades below $75/bbl Sep 20, 2021 05:30 PM IST

    Crude oil price tumbles 2% on selloff in commodity and equities; Brent trades below $75/bbl

    "Crude has turned choppy after the recent rally and we may see some extended correction if equities remain under pressure," said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities.

  • Crude oil prices rally 3% on strong demand outlook; sentiments remain upbeat Sep 19, 2021 03:29 PM IST

    Crude oil prices rally 3% on strong demand outlook; sentiments remain upbeat

    The CFTC data showed that money managers increased their net long positions by 24,870 lots last week.

  • Crude oil prices lower on demand concerns; WTI trades below $69 a barrel Sep 06, 2021 04:41 PM IST

    Crude oil prices lower on demand concerns; WTI trades below $69 a barrel

    The momentum indicator Relative Strength Index (RSI) is at 48.15, which indicates sideways movement in the prices.

  • Crude oil price rises on storm concerns, Brent jumps above $71 a barrel Aug 27, 2021 04:51 PM IST

    Crude oil price rises on storm concerns, Brent jumps above $71 a barrel

    Crude oil prices are expected to trade sideways to higher for the day with resistance at $72 and support at $67 per barrel.

  • Crude oil prices decline on fuel demand worries; WTI trades below $68 a barrel Aug 26, 2021 05:25 PM IST

    Crude oil prices decline on fuel demand worries; WTI trades below $68 a barrel

    Crude oil prices are expected to trade sideways to up for the day with resistance at $69 and support at $65 per barrel.

  • Crude oil prices dip over 7% this week on demand concerns, firm dollar; WTI trades near $63/bbl Aug 20, 2021 04:59 PM IST

    Crude oil prices dip over 7% this week on demand concerns, firm dollar; WTI trades near $63/bbl

    Crude may trade under pressure amid increasing demand concerns however any stability in the US equity market could keep a floor to prices, said Rao.

  • Crude oil prices fall on weak demand outlook, rise in US rig count; Brent trades near $70/bbl Aug 16, 2021 04:25 PM IST

    Crude oil prices fall on weak demand outlook, rise in US rig count; Brent trades near $70/bbl

    Technically, MCX Crude Oil August is below the important resistance Rs 5,100 level and could witness a Bearish momentum in the counter up to the supports Support is at Rs 4,950, said Iyer.

  • Crude oil prices jump on rising Middle East tension; WTI reclaims $70/bbl-mark Aug 06, 2021 05:18 PM IST

    Crude oil prices jump on rising Middle East tension; WTI reclaims $70/bbl-mark

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

  • Crude oil price slips on rise in US inventory, demand worries; Brent trades above $70 a barrel Aug 05, 2021 05:11 PM IST

    Crude oil price slips on rise in US inventory, demand worries; Brent trades above $70 a barrel

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

  • Crude oil prices slump 1.32% on slow economic recovery in China, rise in output; money managers raise net long position Aug 02, 2021 07:11 PM IST

    Crude oil prices slump 1.32% on slow economic recovery in China, rise in output; money managers raise net long position

    Crude oil prices are expected to trade down for the day with resistance at $75 and support at $72 per barrel.

  • Crude oil prices rise on increasing demand, tight supplies; Brent trades near $75 a barrel Jul 30, 2021 05:26 PM IST

    Crude oil prices rise on increasing demand, tight supplies; Brent trades near $75 a barrel

    Prices are expected to trade sideways to up for the day with resistance at $75 and support at $72 per barrel.

  • Crude oil steady amid sharp drawdown of inventory; Choice Broking says prices to rise in the coming week Jul 29, 2021 04:56 PM IST

    Crude oil steady amid sharp drawdown of inventory; Choice Broking says prices to rise in the coming week

    Technically, WTI Crude oil resistances are at $73.30-$73.95 whereas supports are at $71.65-$70.50.

  • Crude oil prices jump on expectation of bullish inventory report, strong growth prospects; WTI hover around $72 a barrel Jul 28, 2021 04:59 PM IST

    Crude oil prices jump on expectation of bullish inventory report, strong growth prospects; WTI hover around $72 a barrel

    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 modestly up on tight supplies, strong demand outlook; Brent trades near $74 a barrel Jul 27, 2021 05:31 PM IST

    Crude oil prices modestly up on tight supplies, strong demand outlook; Brent trades near $74 a barrel

    Crude may remain range-bound ahead of inventory report however demand concerns may keep pressure on prices.

  • Crude oil eases on rising COVID-19 cases; Axis Securities recommend buy for a target of Rs 5,600 Jul 26, 2021 04:23 PM IST

    Crude oil eases on rising COVID-19 cases; Axis Securities recommend buy for a target of Rs 5,600

    The momentum indicator Relative Strength Index (RSI) is at 51.12, which suggests a sideways movement in the prices.

  • 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.