SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.
Crude oil dips on oversupply worries in the market

Crude oil dips on oversupply worries in the market

Crude oil futures closed lower in the domestic market on Monday as nagging worries about rising domestic production outweighed optimism about prospects for an extended agreement on output cuts by OPEC and other major producers. Crude had come under fresh pressure last week as U.S. production showed further growth and gasoline supplies surprisingly increased. At the MCX, crude oil futures for May 2016 contract closed at Rs 3187 per barrel, down by 0.65 per cent, after opening at Rs 3220, against a previous close of Rs 3208. It touched the intra-day low of Rs...
Crude oil flat on increasing US output in the market

Crude oil flat on increasing US output in the market

Crude oil futures closed flat in the domestic market on Tuesday amid concerns about further growth in U.S. output, but signs that Saudi Arabia and Russia are sticking to their pledge to cut crude production kept losses in check. Saudi exports dropped to a 21-month low in February as Organization of the Petroleum Exporting Countries’ top producer stuck to its promise to curb output. At the MCX, crude oil futures for April 2016 contract closed at Rs 3402 per barrel, up by 0.09 per cent, after opening at Rs 3400, against a previous close of Rs 3399. It touched the intra-day high of Rs...
Crude oil rises as OPEC agreement extension in the domestic market

Crude oil rises as OPEC agreement extension in the domestic market

Crude oil futures closed higher in the domestic market on Tuesday as prices rebounded on talk of a possible extension to the OPEC-led production cut agreement. Prices had spent much of the session trading lower, as investors awaited this week’s updates on U.S. crude-supply levels, before inching higher after The Wall Street Journal reported that Saudi Arabia told officials from the Organization of the Petroleum Exporting Countries that it wants to extend the group’s agreement to cut crude production for another six months when OPEC meets in May. At the MCX, crude oil futures for April 2016 contract closed at Rs 3446 per barrel, up by 0.64 per cent, after opening at Rs 3436, against a previous close of Rs 3424. It touched the intra-day high of Rs...
Crude Oil Latest update for 6 Jan 2017

Crude Oil Latest update for 6 Jan 2017

Crudeoil trading range for the day is 3543-3719.Crude oil prices rose after reports Saudi Arabia had started talks with customers about a reduction of up to 7 percent in crude sales in February.US crude stocks fell last week as refineries hiked output, while gasoline stocks increased and distillate inventories rose, the EIA said. Saudi Arabia agreed to cut output by 486,000 barrels per day (bpd), or 4.61 percent of its October output of 10.544 million...
2
 
error: Content is protected !!