Money Market Guru — The session for Crude Oil was silent as the prices rolled forward by only 0.33%. Crude Oil ended at Rs 3362 per barrel. Crude Oil tested a high of Rs 3399 per barrel and a low of Rs 3320 per barrel. Resisting at higher levels Rs 3450 per barrel will be upper cap.
Money Market Guru — The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 49.91 per barrel (bbl) on 28.03.2017. This was higher than the price of US$ 49.41 per bbl on previous publishing day of 27.03.2017.
Money Market Guru — According to the World Steel Association (WSA) statistics published in 2016, Japans crude steel production totaled 104.77 million tons and India was 95.62 million tons; in 2015, Japans steel production totaled 105.13 million tons and India was 89.03 million tons, respectively.
Money Market Guru — The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 49.41 per barrel (bbl) on 27.03.2017. This was lower than the price of US$ 49.49 per bbl on previous publishing day of 24.03.2017.
Money Market Guru – Technical Comment For The Day: Crude Oil — Crude oil had a dull session during the trading on Tuesday. The price declined by over 1.5% in INR 3169 per barrel. On the higher side the prices tested a level of INR 3243 per barrel while on the lower side levels of INR 3165 per barrel was noted.
Money Market Guru — Crude oil futures continue to fall Friday, extending steep weekly losses on demand concerns, a U.S. supply glut and a strong dollar. April West Texas Intermediate crude fell 79 cents, or 1.6 percent, to settle at $48.49 a barrel, having plunged 9.1 percent this week. The US oil rig count rose for an eighth straight week to the highest level since 2015, according to Baker Hughes.