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  • Crude oil rises on improving demand, Brent trades above $69 a barrel May 17, 2021 07:59 PM IST

    Crude oil rises on improving demand, Brent trades above $69 a barrel

    Crude oil prices are expected to trade sideways to higher for the day with resistance at $68 and support at $64 per barrel.

  • Crude oil outlook turns bullish on recovering demand, analysts expect higher levels May 15, 2021 04:07 PM IST

    Crude oil outlook turns bullish on recovering demand, analysts expect higher levels

    As economies open in the US and Europe, pend up demand from these nations will lend support as the driving season in the United States gather momentum.

  • Crude oil rises on hopes of demand recovery;  WTI trades above $65/bbl May 14, 2021 10:03 PM IST

    Crude oil rises on hopes of demand recovery; WTI trades above $65/bbl

    The momentum indicator Relative Strength Index (RSI) is at 53.58 indicating sideways movement in prices.

  • Crude oil crashes over 4% as US pipeline reopens, extended lockdown in India hurts demand May 13, 2021 10:46 PM IST

    Crude oil crashes over 4% as US pipeline reopens, extended lockdown in India hurts demand

    The momentum indicator Relative Strength Index (RSI) is at 48.48, indicating weak movement in prices.

  • Crude oil may see rebound in demand: Check outlook, strategy for coming week May 09, 2021 03:44 PM IST

    Crude oil may see rebound in demand: Check outlook, strategy for coming week

    The market continued to show signs of strength and confidence that global demand can continue to go higher despite a rise in COVID-19 cases in India.

  • Crude oil futures fall amid rising coronavirus cases; Platts see it at $70/bbl by mid-year May 07, 2021 04:55 PM IST

    Crude oil futures fall amid rising coronavirus cases; Platts see it at $70/bbl by mid-year

    The oil price has come under pressure after testing the highest level since early March.

  • Crude oil turns choppy on surging COVID-19 cases; pares gains May 06, 2021 04:52 PM IST

    Crude oil turns choppy on surging COVID-19 cases; pares gains

    Crude oil prices are fluctuating between pandemic worries and economic recovery raising demand hopes.

  • Crude oil prices remain flat at Rs 4,721 per barrel on demand concerns; money managers raise net long positions May 03, 2021 04:56 PM IST

    Crude oil prices remain flat at Rs 4,721 per barrel on demand concerns; money managers raise net long positions

    Crude prices may reflect volatility in the larger financial market; however, a sharp rise is unlikely until the virus situation is under control.

  • Crude oil falls 1% to Rs 4,763/barrel on weak China data, rising coronavirus cases Apr 30, 2021 03:58 PM IST

    Crude oil falls 1% to Rs 4,763/barrel on weak China data, rising coronavirus cases

    Rising virus cases, mixed economic data from major economies and the prospect of higher supply from OPEC and Iran are weighing on crude oil prices.

  • Oil rebounds, but gains limited amid demand concerns as India reels from COVID-19 Apr 27, 2021 11:31 AM IST

    Oil rebounds, but gains limited amid demand concerns as India reels from COVID-19

    Brent crude was up 36 cents, or 0.6 percent, at $66.01 a barrel by 0334 GMT, after dropping 0.7 percent on Monday. US oil gained 36 cents, or 0.6 percent, to $62.27, having declined by 0.4 percent the previous session.

  • Crude oil prices dip 1.57% to Rs 4,579/barrel on demand concerns Apr 26, 2021 04:25 PM IST

    Crude oil prices dip 1.57% to Rs 4,579/barrel on demand concerns

    Crude oil witnessed selling on mixed fundamentals as investors weighed on demand growth worries amid rising cases in top oil consumers like India and Japan.

  • Crude oil futures steady at Rs 4,628/barrel, likely to trade sideways; WTI trades above $61/bbl Apr 23, 2021 04:28 PM IST

    Crude oil futures steady at Rs 4,628/barrel, likely to trade sideways; WTI trades above $61/bbl

    The momentum indicator Relative Strength Index (RSI) is at 53.94 indicating neutral movement in prices.

  • Crude oil futures fall 1% to Rs 4,590 per barrel on fuel demand concerns; Brent trades below $65 Apr 22, 2021 05:30 PM IST

    Crude oil futures fall 1% to Rs 4,590 per barrel on fuel demand concerns; Brent trades below $65

    The momentum indicator Relative Strength Index (RSI) is at 36.37, indicating bearish movement in prices.

  • Crude oil rises 6.47% to Rs 4,722/barrel, traders raise net long position; outlook bullish Apr 18, 2021 05:45 PM IST

    Crude oil rises 6.47% to Rs 4,722/barrel, traders raise net long position; outlook bullish

    Crude oil prices traded higher during the week on higher demand prospectus amid signs of economic recovery in top oil-consuming nations.

  • Crude oil futures down 0.21% to Rs 4,732 per barrel on firm rupee; Brent climbs above $67 Apr 16, 2021 04:14 PM IST

    Crude oil futures down 0.21% to Rs 4,732 per barrel on firm rupee; Brent climbs above $67

    The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index is at 60.46 indicating bullish movement in prices.

  • Crude oil futures slip 0.80% to Rs 4,714/barrel; WTI trades near $63/bbl Apr 15, 2021 04:32 PM IST

    Crude oil futures slip 0.80% to Rs 4,714/barrel; WTI trades near $63/bbl

    The International Energy Agency (IEA) forecasted global oil demand and supply to rebalance in the second half of the year.

  • OPEC raises 2021 oil demand growth forecast on hope pandemic wanes Apr 13, 2021 07:37 PM IST

    OPEC raises 2021 oil demand growth forecast on hope pandemic wanes

    Demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6%, the Organization of the Petroleum Exporting Countries forecast in its monthly report. That is up 70,000 bpd from last month.

  • Crude oil futures surge 1.65% to Rs 4,507/barrel; Brent trades near $64 Apr 12, 2021 04:51 PM IST

    Crude oil futures surge 1.65% to Rs 4,507/barrel; Brent trades near $64

    The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 53.03, indicating positive momentum in prices.

  • MCX Crude oil falls 1.77% to Rs 4,432/barrel this week; expert suggests buy for a target of Rs 4,500 Apr 11, 2021 03:24 PM IST

    MCX Crude oil falls 1.77% to Rs 4,432/barrel this week; expert suggests buy for a target of Rs 4,500

    The momentum indicator Relative Strength Index (RSI) is at 49.50, indicating sideways momentum in prices.

  • Crude oil futures rise 0.32% to Rs 4,452 per barrel; WTI trades below $60 Apr 09, 2021 05:21 PM IST

    Crude oil futures rise 0.32% to Rs 4,452 per barrel; WTI trades below $60

    Crude may witness mixed trade amid lack of clear cues. However, rising virus cases and the prospect of higher supply may keep pressure on prices.

  • Crude oil falls 0.34% to Rs 4,429/barrel on demand concerns, Brent trades below $63 Apr 08, 2021 04:33 PM IST

    Crude oil falls 0.34% to Rs 4,429/barrel on demand concerns, Brent trades below $63

    Weighing on crude price is stability in US dollar post FOMC minutes, rising virus cases, efforts to ease US-Iran tensions and OPEC’s decision to raise output in the coming months.

  • Can India replace Saudi oil? Apr 06, 2021 10:13 AM IST

    Can India replace Saudi oil?

    Diversification has started yielding results, albeit small. Dependence on middle-east oil has fallen from 64 percent in 2016 to 60 percent presently.

  • Crude oil dips 2.08% to Rs 4,420 per barrel on weak demand outlook, higher supply Apr 05, 2021 04:09 PM IST

    Crude oil dips 2.08% to Rs 4,420 per barrel on weak demand outlook, higher supply

    Crude oil prices traded weak on demand outlook worries and ease in OPEC plus output cuts.

  • Indian Oil Corp buys its first Johan Sverdrup crude cargoes: Report Apr 05, 2021 02:29 PM IST

    Indian Oil Corp buys its first Johan Sverdrup crude cargoes: Report

    IOC will take delivery of 2 million barrels each of the North Sea crude in May and June, one of the sources said.

  • Crude oil rises 1.30% on MCX this week; outlook brightens on US infra plan, OPEC+ gradual hike Apr 03, 2021 03:49 PM IST

    Crude oil rises 1.30% on MCX this week; outlook brightens on US infra plan, OPEC+ gradual hike

    Many of the big commodity funds have taken to the sidelines ahead of the long Easter holiday weekend, resulting in low volume.

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