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Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd Below the Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd   "Oil continues to trade with a positive bias, as prices remain supported by demand expectations in the ongoing U.S. summer driving season, falling bi-product inventories in U.S. and revised oil demand estimates by OPEC and EIA for rest of the year. WTI crude has recovered from around $76.5 hit last week after reports that U.S. Energy department pl...
Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Source: JM Financial Services
2024-06-12 04:44:16 pm
Quote on Gold by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd Below the Quote on Gold by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd   "Commodities are broadly stuck in a range and trading flat, as we look ahead to the U.S. CPI numbers and the Federal Reserve’s policy meeting outcome later in the day. Although the Fed is expected to keep rates unchanged today, but their forward guidance/ commentary on inflation will be closely watched and any surprises would lead to increased v...
Quote on Gold by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Quote on Gold by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Source: JM Financial Services
2024-06-12 04:38:05 pm
Quote on Gold from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd Below the Quote on Gold from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd   "Gold is still confined in a 800/1000 point range for the eight straight session, while U.S. dollar index trades steady above support at 103.8. Focus ahead will be on the European Central Bank policy meeting on Thursday and the U.S. NFP data of Friday. Technically, support holds at 71450/ 70800, while on the upside resistance is seen at 72500/ 72...
Quote on Gold from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Quote on Gold from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Source: JM Financial Services
2024-06-05 03:25:58 pm
Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd Below the Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd   "Oil prices are down below $73 for WTI and below $77 for Brent crude, weighed by expectation that oil market may move into supply-surplus towards the end of the year after OPEC+ decision to phase out additional output cuts by September, near-record U.S. oil output and rising inventories globally amid weaker demand. In the session ahead, focus will be o...
Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Source: JM Financial Services
2024-06-05 03:09:17 pm
Quote on Oil from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd Below the Quote on Oil from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd   "Oil prices are trading slightly lower, weighed by selling seen in the entire commodities basket. However, prices may see some buying support at lower levels as traders will be focused on the Weekly U.S. oil inventory data later in the day and the OPEC+ producer meeting on June 2. Technically, prices are expected to find support around 6540, ...
Quote on Oil from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Quote on Oil from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Source: JM Financial Services
2024-05-31 09:24:26 am
Quote on Oil from Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd Below the Quote on Oil from Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial  Services Ltd   "Oil prices are down for the second straight session, after prices failed to sustain above $80 per barrel earlier in the week. Also have been weighed by data from API showing a rise in U.S. oil and gasoline inventories against an expectation of drawdown, while slowing global economy is likely to weigh on demand. In the session ahead, focus will be ...
Quote on Oil from Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Quote on Oil from Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Source: JM Financial Services
2024-05-22 03:33:14 pm
Quote on Oil Prices by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd Below the Quote on Oil Prices by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd\   Oil prices continue to trade positive but are stuck in their last week's consolidation range as we look ahead to clarity on the supply-demand equation, already supply-side factors so far have dominated the prices moves due to Russia-Ukraine attacking each other’s energy infrastructure, the Israel-Hamas was continues in the middle-east, an...
Quote on Oil Prices by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Quote on Oil Prices by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Source: JM Financial Services
2024-03-27 04:12:17 pm
Quote on Oil Prices by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd Below the Quote on Oil Prices by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd   "Crude oil prices are trading slightly lower today, amid some profit-booking from recent rally and as we look ahead to weekly oil inventory data later in the day. Also, some caution is seen in the market ahead of the U.S. Fed meeting outcome.   Above views are of the author and not of the website kindly read disclaimer
Quote on Oil Prices by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Quote on Oil Prices by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Source: PR Agency
2024-03-26 05:30:21 pm