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 rising US oil rig count on Friday

Crude oil Dips on rising US oil rig count on Friday

Crude oil futures closed lower in the domestic market on Friday as the number of active U.S. rigs drilling for oil climbed by 9 to 712 rigs this week. The oil-rig count has climbed every week so far this year, except for one. The latest data showed a 17th weekly rise in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, rose 8 to 885. At the MCX, crude oil futures for May 2016 contract closed at Rs 3062 per barrel, down by 0.87 per cent, after opening at Rs 3082, against a previous close of Rs 3089. It touched the intra-day low of Rs...
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 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 rises on EIA report at todays trade

Crude oil rises on EIA report at todays trade

Crude oil futures closed higher in the domestic market on Wednesday after data from the Energy Information Administration showed a weekly rise in U.S. crude inventories that was below some market forecasts, along with bigger-than-expected declines in gasoline and distillate stockpiles. Disruptions to crude output in Libya, as well as hopes for a six-month extension to the production cut agreement, led by the Organization of the Petroleum Exporting Countries, added further support to oil prices. At the MCX, crude oil futures for April 2016 contract closed at Rs 3221 per barrel, up by 1.71 per cent, after opening at Rs 3171, against a previous close of Rs 3167. It touched the intra-day high of Rs...
Crude oil prices fell as rising U.S. drilling activity outweighed talks

Crude oil prices fell as rising U.S. drilling activity outweighed talks

Crude oil trading range for the day is 3032-3200. Crude oil prices fell as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended. Since mid-2016, U.S. oil production has risen by 700,000 bpd, or 8.3 percent, to 9.13 million bpd, government data shows. The U.S. bank said that should the rig count stay at current levels and the impact of previously closed rigs returning to production was...
2
 
error: Content is protected !!