Category: NCDEX Agri update

commodity tips

Oil scores fourth-Straight Weekly Gain

Crude oil markets scored their fourth-consecutive weekly gain for their longest winning rally since May 2018. As per latest data this week, it shows the biggest weekly US crude stock build in 1 ½ years, oil has lost some of its upward momentum.

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Crude Oil Watch: Brent crude at four-year high

Brent crude oil futures were trading up 3% at USD 83.24 per barrel on early trade, on Monday. This rise is marked as its highest level since November 2014.

WTI crude futures of US were up 0.5%, at USD 73.62 per barrel. The up-trend of Brent Crude was driven up by the looming sanctions against Iran, which will begin targeting its oil sector from 4th November.

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