Moneycontrol PRO
crude oil outlook
Jump to
73 Results Found
  • 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 dips on weaker demand outlook, Iran nuclear talks; Brent trades below $71/bbl Jun 08, 2021 04:48 PM IST

    Crude oil dips on weaker demand outlook, Iran nuclear talks; Brent trades below $71/bbl

    The momentum indicator Relative Strength Index (RSI) is at 60.60, indicating bullish movement in prices.

  • 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.

  • Crude oil futures jump nearly 2% on rising fuel demand; Brent trades near $71/bbl Jun 01, 2021 04:52 PM IST

    Crude oil futures jump nearly 2% on rising fuel demand; Brent trades near $71/bbl

    Crude oil prices traded higher on higher demand outlook from US, Europe and China with reopening of economic activities.

  • Crude oil prices climb 4.16% on improved demand forecast; resistance seen around Rs 5,000 May 29, 2021 05:51 PM IST

    Crude oil prices climb 4.16% on improved demand forecast; resistance seen around Rs 5,000

    Prices could move higher as demand could continue to lend support. However, concerns about Indian demand and expectations for potential supply increase from Iran could cap upside.

  • Crude oil jumps on fuel demand recovery, Brent inches near $70 a barrel May 28, 2021 06:27 PM IST

    Crude oil jumps on fuel demand recovery, Brent inches near $70 a barrel

    Crude oil prices are expected to trade sideways to higher for the day with resistance at $68 and support at $65 per barrel.

  • Crude oil dips marginally amid volatile trade, likely to see downward bias for the day May 27, 2021 08:59 PM IST

    Crude oil dips marginally amid volatile trade, likely to see downward bias for the day

    The momentum indicator RSI is trading at 44 on the hourly chart and it is forming lower lows which is a bearish sign, said Axis Securities

  • Crude oil jumps on Iran nuclear talks snag, storm formation in Gulf of Mexico May 24, 2021 05:16 PM IST

    Crude oil jumps on Iran nuclear talks snag, storm formation in Gulf of Mexico

    Crude oil prices are expected to trade higher for the day with resistance at $67 and support at $63 per barrel.

  • Crude oil suffers first weekly loss in May on Iran nuclear deal, weak demand; experts see sideways momentum May 23, 2021 04:10 PM IST

    Crude oil suffers first weekly loss in May on Iran nuclear deal, weak demand; experts see sideways momentum

    Prices could witness some additional correction next week on demand outlook in Asia and a possible increase in output from Iran.

  • Crude oil rises after 3 days of decline on firm equity markets, improving virus situation in Europe, US May 21, 2021 07:14 PM IST

    Crude oil rises after 3 days of decline on firm equity markets, improving virus situation in Europe, US

    However, weighing on price is rising virus cases in Asia, mixed economic data, easing Israel-Palestine tensions and the prospect of higher Iranian supply.

  • Crude oil corrects over rise in US inventories, Iran nuclear talks; Brent plunges 6.75% from Wednesday highs May 20, 2021 04:59 PM IST

    Crude oil corrects over rise in US inventories, Iran nuclear talks; Brent plunges 6.75% from Wednesday highs

    Crude oil prices may witness selling on mounting worries over higher inflation and rising virus cases in other Asian countries apart from India.

Sections
ISO 27001 - BSI Assurance Mark