Crude oil rises 1.08% on potential OPEC cut extension

Crude oil futures rose over 1 per cent during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the energy commodity on potential OPEC cut extension. Analysts said that oil rises on the back of OPEC saying it was keen to find a deal that would ensure a drawdown of excess fuel supplies.

At the MCX, crude oil futures for May 2017 c

Indian crude oil prices fell on Thursday - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Crude prices were slightly lower after a volatile session on Thursday, as the restart of two key Libyan oilfields and concerns about lackluster gasoline demand fed concern over whether major oil producers can alleviate the glut of global inventories. 

Libya's Sharara and El Feel oilf

28/04/2017 2:10:58 PM | Posted in Commodities Reports read full news
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Crude Oil

Crude Oil on Wednesday 28th April 2017, Crude Oil may futures prices down by 52 pts (-1.63%) closed at 3147 , trading range between 3191-3101.On the New York, Mercantile Exchange, Crude oil for may delivery on the New York Mercantile Exchange to settle at $48.97 a barrel.

Traders said that Fridays rises came on the back of OPEC sayi

28/04/2017 12:21:37 PM | Posted in Commodities Reports read full news
International Natural gas prices are trading marginally lower - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Oil prices settled mixed with NYMEX ending marginally higher, while Brent ending lower on Wednesday 

U.S. West Texas Intermediate (WTI) June futures settled up 6 cents at $49.62 per barrel, while Brent June crude, the international benchmark, ended down 16 cents at $52.41

27/04/2017 1:56:51 PM | Posted in Commodities Reports read full news
Crude oil futures in reverse gear on oversupply concerns

Crude oil futures were trading lower during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the energy commodity on lingering oversupply worries in global markets.

Further, traders lost confidence due to record supplies in the global market, and because of pledged output cuts by the Organization of the Petroleum Exporting Count

Oil falls on ballooning US crude inventories

Crude oil futures were trading lower during afternoon trade in the domestic market on Wednesday as investors and speculators exited their positions in the energy commodity as API report showed that US crude inventories grew by 8,97,000 barrels in the week to April 21 to 532.5 million barrels.

Besides, record supplies in the rest of the world, lost traders’ confidence that pledge

Natural gas price ended lower - Reliance Sec

FUNDAMENTALS – CRUDE OIL


Oil prices settled slightly higher on Tuesday in volatile trading. However after hours data from an industry group's preliminary report showed a surprise build in U.S. crude inventories. This limited upside. 
Oil prices fluctuated throughout the day after falling sharply over the previous six sessi

26/04/2017 3:17:57 PM | Posted in Commodities Reports read full news
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CRUDEOIL

Crude Oil on Monday April 2017, Crude Oil May month futures prices down by -7 pts (-0.22%) closed at 3183, Crude Prices May month contract trading range between 3194-3154 on the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $49.56 a barrel.

Traders said that a report late o

26/04/2017 8:20:27 AM | Posted in Commodities Reports read full news
Crude oil futures in reverse gear

Crude oil futures were trading lower during afternoon trade in the domestic market on Tuesday as investors and speculators exited their positions in the energy commodity as traders lose confidence that pledged output cuts by major oil producers will rein in oversupply.

Moreover, Russia hinted that its oil output could climb to the highest rate in 30 years if OPEC and non-OPEC producer

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CRUDEOIL

Crude Oil on Monday April 2017, Crude Oil May month futures prices down by -18 pts (-2.82%) closed at 3208, Crude Prices May month contract trading range between 3247-3176 On the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $49.23 a barrel.

Later on Tuesday, the American P

25/04/2017 11:55:57 AM | Posted in Commodities Reports read full news
Oil edges up, breaking six-day stretch of losses

LONDON - Oil prices nudged higher on Tuesday, breaking a six-day streak of price falls, but doubts about OPEC's ability to reduce global crude inventories capped gains.

Brent crude was up 8 cents at $51.68 a barrel by 1145 GMT, while U.S. crude futures were up 4 cents at $49.27 a barrel.

Brent is down 10 percent since late 2016, despite efforts led by th

Crude oil surges on production cut hopes from OPEC

Crude oil futures were trading higher during noon trade in the domestic market on Monday as investors and speculators build up fresh bets in the energy commodity on hopes that OPEC will extend a pledge to slash output to cover all of 2017 to restore balance to a market dogged by oversupply.

However, US drillers added oil rigs for the 14th week in a row, to 688 rigs, extending an 11-mo

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Crude Oil

Crude Oil on Friday April 2017, Crude Oil May month futures prices down by 93 pts (-2.82%) closed at 3208, Crude Prices May month contract trading range between 3195-3304 On the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $49.61 a barrel.

Crude oil futures are expected to open steady ea

24/04/2017 11:21:54 AM | Posted in Commodities Reports read full news
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CRUDEOIL

Crude Oil on Thursday April 2017, Crude Oil May futures prices by 37 pts (-1.11%) closed at 3288, Crude Prices May month contract trading range between 3331-3283 On the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $50.71 a barrel.

Thomson Reuters Eikon data shows that a re

21/04/2017 2:32:06 PM | Posted in Commodities Reports read full news
Crude oil futures in reverse gear

Crude oil futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators cut down their bets in the energy commodity on doubts whether an OPEC-led production cut will restore balance to a market dogged by oversupply.

Besides, US production jumped around 10 per cent since mid-2016 to 9.25 million bpd, close to the world's top 2 produ

Murky oil inventory picture leaves market grappling for clarity

By Henning Gloystein and Libby George

SINGAPORE/LONDON - The jury is still out over whether an OPEC-led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled higher prices without making much of a dent in the global fuel supply overhang.

Analysts say there are early indications that at least some inventori

21/04/2017 10:55:40 AM | Posted in Commodity Top News read full news
Crude oil futures in reverse gear

Crude oil futures were trading lower during afternoon trade in the domestic market on Thursday as investors and speculators cut down their bets in the energy commodity after a surprising jump in US gasoline inventories and a rise in domestic crude output.

Besides, Kuwait said that it expected an OPEC-led effort to cut supplies would be extended beyond the middle of the year, restricte

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Crude Oil

Crude Oil on Wednesday April 2017, Crude Oil April futures prices by 111 pts (-3.27%) closed at 3288, and yesterday April month contract had expired. Crude Prices May month contract trading range between 3439-3316 and finally closed 3338. On the New York, Mercantile Exchange, Crude oil for May delivery on the New York Mercantile Exchange to s

20/04/2017 2:29:49 PM | Posted in Commodities Reports read full news
Crude oil slips on rising US supplies, mixed Saudi signals

Crude oil futures were trading lower during afternoon trade in the domestic market on Wednesday as investors and speculators cut down their bets in the energy commodity on ballooning US supplies and slide in Saudi crude exports that was offset by surging production in the country.

According to the American Petroleum Institute (API) data on Tuesday showed that US markets remained bloat

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CRUDEOIL

Crude Oil on Tuesday April 2017, Crude Oil April futures prices closed flat by 0 pts (-0.00%) closed at 3399, trading range between 3370-3413. On the New York, Mercantile Exchange, Crude oil for May delivery on the New York Mercantile Exchange to settle at $52.41 a barrel.

U.S. crude stocks fell a less-than-expected 840,000 barrels a

19/04/2017 11:07:18 AM | Posted in Commodities Reports read full news
OPEC, non-OPEC to meet on same day as group's May gathering - sources

By Alex Lawler

LONDON - OPEC plans to meet with non-OPEC oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year.

Ministers from the Organization of the Petroleum Exporting Countries will convene at their Vienna headquarters. J

19/04/2017 10:15:09 AM | Posted in Commodity Top News read full news
Crude oil flat on hopes of rise in US production

Crude oil futures were flat during afternoon trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the energy commodity on expectations of rise in US production in May.

According to the US Energy Information Administration's drilling productivity report, May output is expected to rise by 1,23,000 barrels per day to 5.19 million bpd.

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CRUDEOIL

Crude Oil on Monday April 2017, Crude Oil April futures prices down by 21 pts (-0.61%) closed at 3399, trading range between 3393-3432. On the New York, Mercantile Exchange, Crude oil for May delivery on the New York Mercantile Exchange to settle at $52.65 a barrel.

Monday as speculators took profits after a recent 15-day rally. Trad

18/04/2017 11:08:21 AM | Posted in Commodities Reports read full news
Banned at sea: Venezuela's crude-stained oil tankers

By Marianna Parraga and Mircely Guanipa

HOUSTON/PUNTO FIJO, Venezuela - In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters.

The vessel is among many that are constantly contaminated at two major export terminals w

18/04/2017 11:07:46 AM | Posted in Commodity Top News read full news