May 17, 2021 07:59 PM IST
Crude oil prices are expected to trade sideways to higher for the day with resistance at $68 and support at $64 per barrel.
- May 15, 2021 04:07 PM IST
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.
- May 14, 2021 10:03 PM IST
The momentum indicator Relative Strength Index (RSI) is at 53.58 indicating sideways movement in prices.
- May 13, 2021 10:46 PM IST
The momentum indicator Relative Strength Index (RSI) is at 48.48, indicating weak movement in prices.
- May 09, 2021 03:44 PM IST
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.
- May 07, 2021 04:55 PM IST
The oil price has come under pressure after testing the highest level since early March.
- May 06, 2021 04:52 PM IST
Crude oil prices are fluctuating between pandemic worries and economic recovery raising demand hopes.
- May 03, 2021 04:56 PM IST
Crude prices may reflect volatility in the larger financial market; however, a sharp rise is unlikely until the virus situation is under control.
- Apr 30, 2021 03:58 PM IST
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.
- Apr 27, 2021 11:31 AM IST
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.
- Apr 26, 2021 04:25 PM IST
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.
- Apr 23, 2021 04:28 PM IST
The momentum indicator Relative Strength Index (RSI) is at 53.94 indicating neutral movement in prices.
- Apr 22, 2021 05:30 PM IST
The momentum indicator Relative Strength Index (RSI) is at 36.37, indicating bearish movement in prices.
- Apr 18, 2021 05:45 PM IST
Crude oil prices traded higher during the week on higher demand prospectus amid signs of economic recovery in top oil-consuming nations.
- Apr 16, 2021 04:14 PM IST
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.
- Apr 15, 2021 04:32 PM IST
The International Energy Agency (IEA) forecasted global oil demand and supply to rebalance in the second half of the year.
- Apr 13, 2021 07:37 PM IST
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.
- Apr 12, 2021 04:51 PM IST
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.
- Apr 11, 2021 03:24 PM IST
The momentum indicator Relative Strength Index (RSI) is at 49.50, indicating sideways momentum in prices.
- Apr 09, 2021 05:21 PM IST
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.
- Apr 08, 2021 04:33 PM IST
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.
- Apr 06, 2021 10:13 AM IST
Diversification has started yielding results, albeit small. Dependence on middle-east oil has fallen from 64 percent in 2016 to 60 percent presently.
- Apr 05, 2021 04:09 PM IST
Crude oil prices traded weak on demand outlook worries and ease in OPEC plus output cuts.
- Apr 05, 2021 02:29 PM IST
IOC will take delivery of 2 million barrels each of the North Sea crude in May and June, one of the sources said.
- Apr 03, 2021 03:49 PM IST
Many of the big commodity funds have taken to the sidelines ahead of the long Easter holiday weekend, resulting in low volume.