Commodity DNA | Crude oil

Crude oil

By Ibrahim Patel
Jun 14, 2021

CRUDE OIL PRICES RECEIVED ANOTHER TAILWIND

*Global oil demand to hit pre-pandemic levels in the second half of next year *OPEC+ alliance will gather on July 1 to consider reviving the remainder Crude oil prices rece ....

Crude oil

By Ibrahim Patel
May 04, 2021

CRUDE OIL COULD HIT UP TO $80 BY JUNE EVEN PANDEMIC IMPACT

*Oil demand will post a record jump as vaccination rates increase *Indian gasoline demand has fallen 6.3% on the month to 2.14 million ton in April Oil prices are rising ....

Crude oil

By Ibrahim Patel
Mar 08, 2021

DRONE ATTACK ON A SAUDI IS A PERFECT MIX OF BULLISH NEWS

*The market may need to price in some risk premium *Goldman Sachs raised its Brent crude price forecast by $5 to $75 in the second quarter A drone attack on a Saudi oil shi ....

Crude oil

By Ibrahim Patel
Dec 20, 2020

THE CRUDE OIL UPTREND WAS REAFFIRMED WHEN BUYERS TOOK OUT $50

*Crude oil rounding out seven straight weeks of gains last week’s rally to over 5% *Hedge fund managers were substantial buyers of petroleum futures and options The uptre ....

Crude oil

By Ibrahim Patel
Dec 06, 2020

OPEC DECISION IS EXPECTED TO MORE STRENGTHEN INDIAN FUEL PRICES

*Over the past fortnight crude oil risen 11%: Indian fuel rates have been hiked 13 times *Goldman maintained its 12-month Brent price forecast of $65 per barrel On Friday, Sa ....