Commodity DNA | Crude oil

Crude oil

By Ibrahim Patel
Jun 03, 2020

CRUDE OIL SPIKED ABOUT 88% IN MAY SAW BEST MONTH EVER

*After a historic collapse in April price bounced back strongly *Combination of shrinking open interest and volume opens the door to a near-term correction As countries a ....

Crude oil

By Ibrahim Patel
May 19, 2020

CRUDE OIL HITS 2-MONTH HIGH NOW BELOW-ZERO SEEMS A DISTANT MEMORY

*Brent and WTI capped their third straight positive weeks rising 55% and 76% respectively *Following the historic crash in prices in the US has resulted into at least five cour ....

Crude oil

By Ibrahim Patel
Apr 22, 2020

ALL LONG POSITIONS IN CRUDE OIL LOSS PEGGED AROUND RS425 CRORE

*Traders would not have had the opportunity to settle/exit their positions *MCX quoted closing price of Rs965 on April 20: Traders have to paid the full value of the contract ....

Crude oil

By Ibrahim Patel
Apr 22, 2020

WTI CRUDE OIL JUNE CONTRACT IS GIVING UP THE GHOST

*Traders are asking what that really means June contract fall to zero *Kremlin said that the negative oil prices are just a "trading issue" All eyes today will be on the Ny ....

Crude oil

By Ibrahim Patel
Apr 15, 2020

CRUDE OIL HIT 19-YEAR LOW THE PROBLEM IS NOT SUPPLY BUT ITS DEMAND

*India like bargain hunters country should step in market *Crude oil prices are likely to fall further possibly $16 mark Global oil demand will fall this month to a level l ....