Commodity DNA | Crude oil

Crude oil

By Ibrahim Patel
Oct 19, 2020

THE US PRESIDENTIAL ELECTIONS COULD MAKE CRUDE OIL IMPORT COSTLIER FOR INDIA

*April’s record low prices helped India save over Rs 5,000 crore via cheap oil imports *Average WTI crude oil price will be around $50 a barrel between 2020 and 2023 Usin ....

Crude oil

By Ibrahim Patel
Oct 04, 2020

THE SPRING SCENARIO WITH OIL PRICES FALLING IS UNLIKELY

*US oil rigs in operation came in at 189 up from last weeks 183 *A collapse as in March - April will probably be managed to be avoided Brent oil prices lost almost 15% from ....

Crude oil

By Ibrahim Patel
Sep 09, 2020

CONTANGO IN CRUDE OIL SUGGESTING FUTURES PRICE WOULD BE SOFT

*Fundamentals signaling a bleak short-term outlook for oil prices *Brent a session low at $39.31 for the first time since 25 June Combination of a stalling Asian demand rec ....

Crude oil

By Ibrahim Patel
Aug 11, 2020

THERE ARE CHANCES THAT CRUDE OIL PRICES COULD FALL

*Oil prices have risen by 128% from its 22 April low $15.98 *At a period when crude prices were at the lowest point in April China made a record purchasing Oil prices may f ....

Crude oil

By Ibrahim Patel
Jul 16, 2020

CRUDE OIL WILL STICK TO THE TIGHT RANGE FOR THE MONTH OR SO

*OPEC+ managed to orchestrate the greatest “balancing act” ever seen in oil market history Crude oil prices are expected to remain boxed in as more supply from OPEC+ count ....