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Mohammed Imran is a research analyst with Sharekhan as senior team leader for the past 10-plus years.
Mohammed Imran is a research analyst with Sharekhan as senior team leader for the past 10-plus years.
Oil price today: Crude oil prices tumbled 6 per cent on Monday, with Brent settling under $72 and WTI at $67.38
Crude oil prices have been steadier on Thursday around $70.50/b in Asian hours, ahead of the weekly EIA inventory release from the US.
Crude oil strategy, Sept 12: WTI crude oil rice may fall to $65 in medium-term
Oil prices showed marginal recovery on Monday to settle a per cent up at $68.71, following its worst weekly fall since October 2023 as WTI fell 8 per cent and Brent was down 10 per cent.
Oil recorded its first back-to-back monthly decline amid signs of sluggish demand in China and the United States raised concerns about future consumption growth.
Crude oil trading strategy today, Aug 29: Weakness in the crude crack spread is bearish for oil prices
Brent crude, WTI oil trading strategy today, Aug 27: We expect oil prices to face immediate resistance of $80 and the rally would find it difficult to sustain above it
Crude oil outlook today, Aug 20: Oil prices tumbled to two-week lows on Tuesday morning in Asian trade with WTI future trading down 0.4 per cent
The overall sentiment in oil remains bearish and we expect prices to see further sell towards the support of $70 and $68 per barrel, says Mohammed Imran of Sharekhan by BNP Paribas.
Oil trading strategy, August 6, 2024: Oil prices are expected to remain subdued in short to medium term as demand has deteriorated sharply from Asia and, with the US on the verge of recession
The geo-political risk and expectation of three rate cuts from US fed has triggered rally in oil prices, says Mohammed Imran.
Oil prices could fall back to early June level of $72.50 as demand side fundamental are looking weak due to abysmal economic performance of China, says technical analyst Mohammed Imran.
Budget 2024-25: How to trade WTI crude oil today? Find out strategy, key levels here
US June CPI will be out tonight, and consensus is looking for a 0.2 percent monthly rise and 3.4 per cent annual gains in the crucial monthly core CPI reading.
Weakness in crude demand in China, the world's second-largest crude consumer, is bearish for oil prices, said analyst at Sharekhan by BNP Paribas.
Recent economic data from across the region like Asia, Eurozone and the US are indicating an economic slow down ahead.
Crude oil prices at $83.50, hover near two months high driven by the renewed geo-political risk in the middle east and red sea region along with the threat of Hurricane Beryl
WTI/MCX crude oil outlook today: The overall weekly inventory report is disappointing as it is indicating slowdown in the US consumer/industrial demand
Crude oil strategy: Crude remains on track for a monthly gain. The immediate support for WTI remains at $ 78.78 (50-DMA) and short-term support stays at $77.13 (200-DMA)
Crude oil strategy for June 20, 2024: WTI crude oil could test resistance of $85 over the medium term