Oil prices fell Monday after weaker-than-expected manufacturing data from China intensified concerns about the global economy. Benchmark oil for October delivery was down 16 cents at $96.31 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $1.85 to finish at $96.47 per barrel Friday in New York.
Sharp decline in crude oil. Last week Crude has fallen about 9 percent. On MCX crude oil slipped about 2.5 percent has come down to Rs 2800. On Nymex the crude price has come down to $ 46.8, while Brent crude below $ 55 seems. - See more at: http://ways2capital-mcxtips.blogspot.in/2015/03/crude-oil-slipped-25-ways2capital.html#sthash.3BFmhwXJ.dpuf
The pressure is seen again in crude oil prices. On Nymex Crude prices reached 49 dollars. On Comex gold prices is at lower level of 7 years and are closer to $ 1210. - See more at: http://ways2capital-mcxtips.blogspot.in/2015/02/gold-on-7-years-low-crude-oil-climbed.html#sthash.UPschr9o.dpuf
Today, Nymex crude fell down in Asian trading as fresh signs of inventory building & the Fed Reserves rate lift current week kept prices under pressure amid a world wide glut of oil that shows no sign of abating.
Crude oil prices are getting some support on global market due to fall in crude oil stock of US World's largest consumer of crude oil. Crude oil trading near $ 41 per barrel with a marginal gain of 30 cents on NYMEX. This recovery of global market may led in domestic market too. Crude oil could be gained on MCX. Although Crude prices fell from their intraday resistance of 2800... Read more here- http://www.pinnaclefinancial.in/blog/economic-data-release-us-crude-stocks-declined/
Today's sharp decline in crude oil. On MCX Crude prices have dropped nearly 3 percent. The price of US crude inventories at the Nymex has slipped to $ 42. It is the lowest level of the last 6 years. On MCX price has come down to Rs 2700. - See more at: http://ways2capital-mcxtips.blogspot.in/2015/03/sharp-decline-in-crude-oil-ways2capital.html#sthash.MZMjGQR3.dpuf
#FINANCIALNEWS Oversupply issue controls NYMEX crude in Asia Crude oil continued to plummet in Asia as Monday trade closed due to the oversupply woes of the market. This is also due to the anticipated raise on interest rates and its timing by the Federal Reserve. According to the New York Mercantile Exchange (NYMEX), September delivery for crude oil...