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Showing posts from November, 2017

Crude Oil Updates - Crude Oil steady near 2 Year high as Geopolitics equalize U.S. Supply

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Brent crude oil futures were downward 17 cents at USD 63.35 a barrel by 1002 GMT, have gain 14 percent so far this month. U.S. West Texas Intermediate (WTI) crude oil eases 6 cents to USD 56.68. Crude Oil was mainly steady on Monday, attentive between a optimistic push from worry in the center East and downward stress from the proof of rising U.S. production, though record finance bets on a assembly reserved the cost in view of two-year highs. Brent crude futures were down 17 percents at USD 63.35 a barrel by 1002 GMT, having gain 14 percent so far this month. U.S. West Texas Intermediate (WTI) crude eases 6 cents to USD 56.68. Traders & Investors thought crude prices were normally well supported as output cuts led by the association of the Petroleum Exporting nations and Russia have contribute to a important decrease in surplus supplies that have determined markets since 2014. The excess of industrialized country oil stockpile over their 5 year average "

Crude Oil Prices to Trade Weak: CrudeOilJackpotCall

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  Crude Oil Updates : According to CrudeOilJackpotCall , CPO futures may further right on weak Malaysian palm oil prices. Upper stocks and deferred in introduce duty hike may assist to ease price. MCX CPO continues to fall this week on Tuesday on reports that palm oil import into the country climb for 9th month on joyful Boost. Moreover, weak prices of edible oil s in International markets too pressurize prices. However, the cost is still supported at 10 month high in the futures market on expectation of hike in import duty for edible oil. But, the government did not take any decision on rising import duty on edible oil for now which slow down the cost surge. Outlook CPO futures may further right on weak Malaysian palm oil prices. Upper stocks and delayed in import duty hike may assist to effortlessness prices.

Crude Oil Update - Crude Oil Dips in Asia to the lead of Rig calculate Figures, Saudi-Iran tension Eyed

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Crude oil prices fell in Asia on Friday ahead of U.S. weekly rig count data that show a dip in the prior week, but also with a prickly eye on the Middle East as worries between Iran and Saudi Arabia, key OPEC members, rumble. On the New York Mercantile Exchange crude futures for December release eased 0.26% to $57.02 a barrel, while on London's Intercontinental Exchange, Brent dipped 0.02% to $63.80 a barrel. During the night, crude oil prices complete higher on Thursday among ongoing unrest in the Middle East while Saudi Arabia’s plan to slash crude export lifted reaction. Saudi Arabia plans to cut its crude exports by 120,000 barrels per day in December compared with November, slashing allocation to all counties, Reuter’s report Thursday, citing an energy ministry spokesman. The reports of Saudi’s plan to decrease exports come as investor doubts grew of instability in the Middle East after Saudi Arabia warned its citizens not to travel to Lebanon and urged the worldwide commu