Crude Check: Possibility for a Breakout

[ad_1] Crude oil prices made some recovery last week after witnessing selling pressure in the preceding few weeks. Brent crude oil futures on the Intercontinental Exchange (ICE) was up 1.6 per cent by closing at $84 per barrel. Crude oil...

Crude Oil Today: Crude oil prices rise on concerns over Canadian wildfires

[ad_1] Crude oil futures traded higher on Tuesday morning as the market expressed concerns over the potential impact of Canadian wildfires on crude oil supplies. At 9.52 am on Tuesday, July Brent oil futures were at $83.48, up by 0.14...

Crude Check: Support Ahead for Futures

[ad_1] Crude oil prices witnessed a considerable fall over the past week. Brent crude oil futures on the Intercontinental Exchange (ICE) was down 7.3 per cent by closing at $82.8 per barrel. Crude oil futures on the MCX lost 6.5...

Crude oil up as OPEC likely to extend output cuts

[ad_1] Crude oil futures traded higher on Friday morning as market reports indicated that OPEC+ (Organization of Petroleum Exporting Countries and allies) may continue with production output cuts beyond June also. At 9.52 am on Friday, July Brent oil futures...

Commodities prices likely to drop in 2024, 2025 but will be above pre-pandemic level, says World Bank report

[ad_1] Prices of commodities will likely decline marginally in 2024 and 2025 but they will remain 38 per cent above pre-pandemic levels, the World Bank has said in its latest Commodity Markets Outlook. In all, disinflationary tailwinds from moderating commodity prices...

Crude Check: Bullish Bias Persists, But Minor Correction Possible

[ad_1] The conflict between Israel and Iran is keeping the oil prices volatile. On a weekly basis, the energy commodity saw a decline in price.Brent crude oil futures on the Intercontinental Exchange (ICE) was down 3.3 per cent by closing...

Crude oil rises as OPEC decides to maintain production output cuts

[ad_1] Crude oil futures traded higher on Thursday morning as the OPEC (Organization of Petroleum Exporting Countries) meeting decided to continue with the present production output cuts. At 9.53 am on Thursday, June Brent oil futures were at $89.63, up...

Crude oil futures climb up as China’s manufacturing PMI shows growth in March

[ad_1] Crude oil futures traded higher on Monday morning as China’s manufacturing PMI witnessed growth in March.At 9.53 am on Monday, June Brent oil futures were at $87.28, up by 0.32 per cent, and May crude oil futures on WTI...

Crude Check: Futures Set to Rally

[ad_1] Crude oil ended the week with a gain on the back of the rally on Friday. Brent crude oil futures on the Intercontinental Exchange (ICE) was up 1.6 per cent by closing at $87 per barrel. Crude oil futures...

Crude oil gains as OPEC signals demand growth in 2024

[ad_1] Crude oil futures traded higher on Wednesday morning as the monthly report by the Organization of the Petroleum Exporting Countries (OPEC) indicated an increase in demand for oil during 2024. At 9.52 am on Wednesday, May Brent oil futures...
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