Crude & Naturalgas

Crude Oil Technical Comment For The Day 10 April

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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.

Indian Crude Oil Basket Nears $50 Levels

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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.

Indian Crude Steel Output To Exceed 100 Million Tons in 2017

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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.

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