Crude flat prices rallied just below $3, logged in weekly gains on Friday. Fundamental supply stressers like loss of Kazakh supplies lent support. The Winter storm bearing down on North America boosted product demand. Spiky Iran-risk added fears to lingering worries across. Turning to timespreads, Brent keep on bidding over supply and geo risks while…

Know More

Wounded Khazakh supply to an unexpected winter storm to renewed Iran risks Crude flat prices inched up below $1, logged the week in gains. Benchmarks opened this week in a possitive terrotory, stretched to 7 week high on Wednesday over ‘Iran Risk’ factor. An abrupt about-face from the White House prompted a rapid unwinding of…

Know More

crude prices moving flat on Friday morning hours after closing down last night. Fundamentals remain broadly unchanged. Selling pressure mounted over bearish weekly nos swifted unwind of ‘Iran Premium’ that propelled oil prices to twelve weeks high. Venezuela oil keep check on prices. On the technicals front, Flat prices might have rolled over on Iran…

Know More

Crude Flat prices opened up on Tuesday Morning during Asian hours, Extending last session’s gains. Benchmarks closed up at 7 – week high last night. Escalation of geo-political tensions in West Asia pushed oil prices up. Supply fundamentals keep weigh on oil prices on expected rising supplies from Caracus. While on the Technicals side, Market…

Know More

Crude opened in red on Wednesday morning during Asian hrs. Both the benchmarks settled around 2.5 pct high last night. ‘Supply glut’ talk over shadowed Venezuela’s ‘come back’. Prospectus of supply disruptions amid disruptions in Iran pushed oil prices up although markets are grappled with oversupply concerns. On the technicals side, Markets seems to building…

Know More

Crude Futures moving down at the time of reporting. Supply side fundamentals continue to weight on oil prices. Oil prices drifted lower after Washington deal with Caracus to imports crude worth of $2 billion was announced. Low volumes also keep check on oil prices. Surplus oil talk mounted worries across. On the technicals side, Investors…

Know More

Crude Futures moving down at the time of reporting. Supply side fundamentals continue to weight on oil prices. Oil prices drifted lower after Washington deal with Caracus to imports crude worth of $2 billion was announced. Low volumes also keep check on oil prices. Surplus oil talk mounted worries across. On the technicals side, Investors…

Know More