Speaking to CNBC-TV18, Jonathan Barratt of barrattsbulletin.com says people are likely to sell their ETFs in order to move in more high yielding assets.
According to Jonathan Barratt, Brent is trading at the top of its range right now and if there is an increase in demand, that commodity can breach USD 112.50/bbl and may touch USD 115/bbl.
Juerg Kiener does not see the fall in crude price affecting nations like North America as they have business sustainability of about USD 80 per barrel. Also, the fall will affect Europe only if it goes below USD 95 per barrel, he adds.
According to Praveen Kumar, the Iran deal is a good thing for Indian refiners because this means the pressure can come off a bit and they can start looking at some of these insurance type issues, but in terms of real price the market continues to stay strong.
If exports from Libya resume then Brent prices may hover at low USD 100 per bbl, if not then it will probably continue at present levels or a couple of dollars higher, says Azlin Ahmad of Argus Media.
Jonathan Barratt, BarrattsBulletin.com sees Brent crude heading back to USD 100-105 a barrel since the demand remains muted.
US crude oil inventories plunged about 10 million barrels for a second week in a row, highlighting the unexpectedly rapid tightening of the market after three years of pent-up supply due to a dramatic resurgence in domestic production.
NS Ramaswamy of Ventura Commodities believes that the US consumer confidence data or the housing data is building up more pressure on the bullion pack.
Commodity market expert, Kishore Narne, Motilal Oswal Commodity Broker said to sell MCX crude on a strict breakdown below Rs 5630 per bbl for the day. He is looking at targets close to Rs 5520 per bbl and stop loss of Rs 5680 per bbl.
Gold price looks slightly sluggish now but one should wait for a technical break down to sell gols, says Kishore Narne of Motilal Oswal Commodity.
NS Ramaswamy of Ventura Commodities expects a rebound in gold and silver prices from present levels.
Rajini Panicker, Head of Commodities - Research of PhillipCapital says gold is now getting confined to USD 1,400-1,495 per ounce range.
Despite Brent crude settling higher on Thursday, Simon Wardell of IHS Global Insight feels that crude prices will ease off these recent bounces and will trend downwards. He feels the prices have been declining on the back of global economic weakness and also reasonable supply coming through from non OPEC countries.
In an interview to CNBC-TV18, Kishore Narne of Motilal Oswal Commodity spoke about the current trend in commodities market.
After global markets witnessed a steep fall in gold and crude prices, Tom Price, Global Commodity Analyst, UBS Equities Research feels there may be a cut in production if gold price falls below USD 1,250-1,280 per ounce.
In an interview to CNBC-TV18, commodity market expert, Kishore Narne, Associate Director, Head - Commodity & Currency at Motilal Oswal Commodities Broker Pvt. Ltd shared his outlook on gold, silver and crude.
Tom Price, UBS Equities Research believes gold will remain stable around USD 1600 per ounce or a little bit lower.
Brent crude oil prices held above USD 112 a barrel on Thursday, supported by upbeat manufacturing data from China and Germany, but US crude stocks remained in focus after capacity in the Seaway pipeline was reduced.
Oil prices were mixed in Asian trade today as investors focused on US budget talks and doubts emerged over a how a bailout deal for debt-strapped Greece would be implemented.
Brent rose above USD 106 per barrel on Friday, buoyed by a European Central Bank pledge to protect the euro zone and hopes for fresh stimulus in the United States, although it stayed on track for its biggest weekly drop in more than a month.
Oil prices will likely reverse last Friday's fourth-largest daily gain on record wiith traders saying the surge is unlikely to signal a major shift in the negative trend, according to CNBC's weekly survey of oil market sentiment.
The outcome of the Federal Open Market Committee (FOMC) meeting on Wednesday and whether operation twist will be extended or not will provide stimulus for crude prices, Jonathan Barratt of BarrattsBulletin.com tells CNBC-TV18.
In an interview to CNBC-TV18, Kishore Narne, vice president of Anand Rathi Commodities says, crude is stuck in between at USD 100 to USD 105 per barrel range for WTI. â€œWe are seeing, for the entire 2012, range of around USD 95 to USD 115 per barrel for WTI,â€ he adds.
The WTI-Brent spread, measuring the price difference between the world's two main crude oil benchmarks, is expected to narrow in the second half of this year, Goldman Sachs said in a note to clients on Tuesday.
In an interview to CNBC-TV18, Jonathan Barratt, Commodity Broking Services says, USD 110 per barrel is a very tough resistance for crude (WTI). "Any pullback should be supported back to that USD 103-105 per barrel level," he adds.