Falls In Global Crude Oil Prices Led Gains In OMCs

Global crude oil prices set a decline on Monday with International Brent crude & US WTI crude futures  trading 1% down each. In addition, Brent crude plunged one percent. The Crude oil price benchmarks have fallen by about 3% since last week, hitting Read more

Commodity tips

MCX Crude Oil rise over Rs 5500 on rising US supply

Crude Oil prices were stable on Wednesday on rising US supply, strong dollar drag and on hopes of a tighter market once US sanctions start targeting Iran’s petroleum industry from next month. WTI Crude futures spiked to a new 4-year Read more

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.