MUMBAI, Jan 03 Crude Oil Price edged above $102.97 a barrel on Tuesday as tension between Iran and the United States stirred fear of a possible disruption to oil supplies from the West Asia and as Chinese data showed economic activity increasing.
Oil was one of the best performing assets in 2011, with North Sea Brent posting [...]
MUMBAI, Dec 19 Crude Price Oil edged lower in volatile trading over the weekend, posting a second consecutive weekly loss as caution about Europe’s debt crisis and year-end positioning continued to spark selling into rallies.
Weak trading volume as the holiday season approaches contributed to the choppy trading and both Brent and US crude turned slightly higher in [...]
MUMBAI, Nov 18- Crude oil Price futures hit a six-month top after news of the reversal of a major U.S. oil pipeline boosted hopes that a supply glut in the U.S. will be eased. We see the trading top is in place and correction to last end Nov.
It earlier rose by as much as 0.65% to trade [...]
MUMBAI, Nov 07- Crude Oil prices rose on Monday to a more than seven-week peak on elevated concerns about Iran’s nuclear program and on hopes that a new Greek government will allow Europe to contain its debt crisis.
Brent gained more than its U.S. counterpart despite Crude Oil closing at a 14-week high.
Brent’s premium to U.S. crude rose above [...]
MUMBAI, Sep 05 MCX Tips / Crude Oil prices futher tumbled as the euro weakened against the dollar and as European stock markets slid on growing fears that the U.S. is heading back into recession.
Prices also came under pressure as a U.S. Gulf storm moved inland and energy companies began returning crews to platforms with a view to resuming shuttered [...]
MUMBAI,Sep 02 . MCX Tips / Crude Oil prices been steadily falling since yesterday in anticipation of the U.S. Non Farm payroll report as well as concerns over storm approaching the oil rigs in the Gulf of Mexico.
After the disappointing U.S. jobs data showed employment growth stagnated in August, despite expectations for at least 75,000 new jobs to be created, [...]
MUMBAI, June 30 . Crude Tips MCX / Crude Oil prices made an trading bottom toward June end as forecasted in our previous posts and has bottomed out at USD 91.38 and commenced a corrective rally from there and currently trading at USD 94.66. We dont concur with the Elliott wave International that Crude oil will make a [...]
MUMBAI, June 24 . MCX Tips / Crude Oil prices continue to flater and quick re-cap on the earlier post.
Technical Veiw - The chart shows the corrective download in prices is still on after it broke the upward sloping Trend line. MCX Crue oil to be weak for aout a week.
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MUMBAI, June 13 (www.GoldTradingCalls.com) MCX Tips / Crude Oil prices fell as Saudi Arabia’s pledge to supply more oil to buyers in July continued to weaken prices.
Ahead of the New York day, the front-month July contract on the New York Mercantile Exchange was down $1.19, or 1.2%, at $98.10. The front-month July Brent contract on London’s ICE futures exchange was up 23 cents, [...]
MUMBAI, May 04 (www.GoldTradingCalls.com) MCX Tips / Crude Oil declined for a third day in New York, the longest losing streak since March, on concern demand will weaken as crude stockpiles rise and job growth slows in the U.S., the world’s biggest consumer of the commodity.
Futures dropped as much as 0.6 percent after the American Petroleum Institute said inventories climbed 3.2 [...]
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