Page 20 - Crude Oil Price
From Jan lows Russian oil rebounds to 45.4% of Indian crude imports in June
Russian volumes have surged amid shrinking discounts for the grades. Discounts averaged $10 per barrel on a delivered basis off Brent crude in mid-2023 compared to over $4 per barrel now
 "From Jan lows Russian oil rebounds to 45.4% of Indian crude imports in June")
Intraday trading strategy for gold, crude oil by Neha Qureshi of Anand Rathi
On the daily chart, MCX Gold for August is hovering near its trend line support. A break below 70,750 could signal bearish sentiments, the analyst said
 "Intraday trading strategy for gold, crude oil by Neha Qureshi of Anand Rathi")
Crude prices may remain higher at $85-100 in short term: S&P Global
OPEC countries have enough oil which can potentially cap any sharp price increases
 "Crude prices may remain higher at $85-100 in short term: S&P Global")
Oil outlook, June 27: Oil a 'buy on dips' bet; MCX Crude support at Rs 6700
WTI/MCX crude oil outlook today: The overall weekly inventory report is disappointing as it is indicating slowdown in the US consumer/industrial demand
 "Oil outlook, June 27: Oil a 'buy on dips' bet; MCX Crude support at Rs 6700")
Oil outlook, June 27: Oil a 'buy on dips' bet; MCX Crude support at Rs 6700
WTI/MCX crude oil outlook today: The overall weekly inventory report is disappointing as it is indicating slowdown in the US consumer/industrial demand
WTI Oil strategy, June 25: Outlook bullish on tight supply; Support at $77
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)
 "WTI Oil strategy, June 25: Outlook bullish on tight supply; Support at $77")
Asian shares subdued, yen at record lows; treasuries little changed
Oil prices were flat for the day. Brent futures held at $85.95 a barrel while US crude was little changed at$81.60 a barrel
 "Asian shares subdued, yen at record lows; treasuries little changed")
Brent oil futures stable above $85 a barrel ahead of US inventory data
Oil prices are likely to remain supported around current levels because of a growing geopolitical risk premium driven by conflict in the Middle East, said ActivTrades analyst Ricardo Evangelista
WTI crude oil to stay rangebound within $78-$83; check strategy for June 20
Crude oil strategy for June 20, 2024: WTI crude oil could test resistance of $85 over the medium term
 "WTI crude oil to stay rangebound within $78-$83; check strategy for June 20")
Oil up after Fed comments, expected US crude stockpile drawdown: Report
Prices extended gains on Tuesday after the New York Federal Reserve President John Williams said interest rates will come down gradually over time
 "Oil up after Fed comments, expected US crude stockpile drawdown: Report")
Windfall tax on petroleum crude cut to Rs 3,250 per MT from Rs 5,200
The tax, which is revised every fortnight, remained unchanged at zero for diesel and aviation turbine fuel
Oil future prices head for weekly gain on solid 2024 demand outlook
US consumer sentiment weakened in June to a seven-month low as inflation and income worries linger, a survey showed on Friday
Crude Oil: Check key trading strategy on June 13, target price and more
The WTI holding on to support of $78 in Asian hours, retreating from three weeks high of $79.12. hit on Wednesday
Stock Market Highlights, June 11: Sensex, Nifty end flat on late sell-off; RIL, ITC weigh
Stock Market highlights on Tuesday, June 11, 2024: The BSE Sensex ended 33 points lower at 76,457, while the Nifty was up six points at close; Broader indices, however, settled with decent gains.
 "Stock Market Highlights, June 11: Sensex, Nifty end flat on late sell-off; RIL, ITC weigh")
Crude oil strategy for June 11: Trend remains weak, WTI eyes support at $76
Oil prices are moving higher after posting three straight weekly declines following Opec+ decision on June 2
Copper, Crude Oil: Check key trading strategy, target price and more
On the daily chart, MCX Copper has been unable to sustain the breakout of its rising channel pattern and has moved down, forming a lower high, lower low pattern, indicating bearish sentiment
 "Copper, Crude Oil: Check key trading strategy, target price and more")
WTI, Brent crude oil prices enter 'oversold' zone; check levels for June 6
Commodity outlook: The economic slowdown has already been priced in by the markets and we expect limited downside in oil prices
 "WTI, Brent crude oil prices enter 'oversold' zone; check levels for June 6")
Oil market headed for bearish times on softening global economic conditions
Given the above-mentioned developments, we believe that the oil market is heading lower in the short to medium term due to softening of global economic conditions
Govt cuts windfall tax on petroleum crude to Rs 5,200 per MT from Rs 5,700
The tax, which is revised every fortnight, remains unchanged at zero for diesel and aviation turbine fuel
 "Govt cuts windfall tax on petroleum crude to Rs 5,200 per MT from Rs 5,700")
Crude Oil, Copper: Check key trading strategy, target price and more
OPEC is expected to extend its production cuts in an upcoming meeting, which has recently helped both WTI and Brent to break above their 100-day moving averages
 "Crude Oil, Copper: Check key trading strategy, target price and more")