+91731-6690000
Showing posts with label crude oil tips. Show all posts
Showing posts with label crude oil tips. Show all posts

Thursday, 9 August 2018


BULLION :-

Gold prices held broadly steady early on Friday after dipping the session before, drawing some support from global political tensions and a slightly weaker dollar against the yen. Japan’s economy expanded at an annualized rate of 1.9 percent in April-June, bouncing back from a contraction in the previous quarter, government data showed on Friday, in a sign its recovery momentum remained intact. Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia’s ruble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling. Russia condemned a new round of U.S. sanctions as illegal on Thursday and said it had begun working on retaliatory measures after news of the curbs pushed the ruble to two-year lows over fears Moscow was locked in a spiral of never-ending sanctions. Turkey’s lira tumbled to another record low against the dollar on Thursday after a Turkish delegation returned from meeting U.S. officials in Washington with no apparent solution to a diplomatic rift that has opened up between them. North Korea on Thursday denounced U.S. calls for enforcing international sanctions despite its goodwill moves and said progress on denuclearization promises could not be expected if Washington followed an “outdated acting script”. The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market weather ongoing trade tensions between the United States and a host of other countries.

ENERGY :-

Crude oil futures were largely stable during mid-morning trade in Asia Friday as expectations of rising supply balanced global trade tensions, keeping prices largely unchanged after a mid-week decline. Prices retreated Wednesday after the release of data showing a smaller-than expected fall in US crude inventories and a build in US product inventories, but rising trade tensions between US and China and increasing output by OPEC producer Iraq was keeping prices in a tight range Friday. In response to the latest round of US tariffs on Chinese imports, China Wednesday announced it would impose a 25% tariff on $16 billion worth of US goods from August 23. This is expected to include US gasoline and diesel. In Iraq, crude oil production hit a 13-month high in July at 4.46 million b/d, the country's State Oil Marketing Organization said Thursday. Iraq has consistently reported production above 4.36 million b/d since last September. The totals include output from the semi-autonomous Kurdistan Regional Government. Iraq said it exported 3.875 million b/d in July, up 25,000 b/d from June, and the highest level since January 2017. Iraq reported its highest crude oil production in 13 months in July to 4.46 million b/d, underpinning market-watchers' anticipation over potentially stronger supplies into H2 2018.

METALS :-

Copper prices moved higher in Shanghai and London in early Asian trade on Friday and were set to end the week in positive territory as the prospect of strikes at copper mines in Chile, including Escondida, the world’s largest, drew nearer. Three-month copper on the London Metal Exchange nudged up 0.2 percent to $6,212.50 a tonne, as of 0116 GMT, extending a 0.8 percent gain in the previous session. The main union at Chile’s Caserones copper mine said on Wednesday that a last round of labor negotiations with mine operator Lumina Copper had broken down and that a strike was imminent. Three-month aluminum on the LME was up 1 percent at $2,089 a tonne, after ending down 1.3 percent in the previous session on profit-taking. ShFE aluminum was down 0.6 percent at 14,665 yuan a tonne. On-warrant stocks of aluminum available to the market in LME-registered warehouses have fallen to 832,775 tonnes, the lowest since 2007, supporting prices.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Saturday, 19 May 2018

agri calls, crude oil tips, Free commodity tips, MCX commodity tips, mcx tips,

Oil prices fell on Friday, but Brent crude marked its sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming U.S. sanctions on Iran.
Brent crude  futures fell 79 cents, or 1 percent, to settle at $78.51 a barrel. The global benchmark on Thursday broke through $80 a barrel for the first time since November 2014, and investors anticipate more gains due to supply concerns, at least in the short term.
Brent, which has gained about 17.5 percent since the start of the year, rose about 1.9 percent this week.
West Texas Intermediate (WTI) crude  futures fell 21 cents to settle at $71.28 a barrel, a 0.29 percent loss. The contract rose about 0.9 percent for the week, its third straight week of gains.
Hedge funds and other money managers cut their combined futures and options position in New York and London in the week to May 15 to the lowest level in six months, the U.S. Commodity Futures Trading Commission said on Friday. The move was the fourth consecutive cut. The net long position dropped by 15,322 contracts to 419,907 during the period.
On Friday, traders were looking ahead to Venezuela's election on Sunday, which could then trigger additional U.S. sanctions if President Nicolas Maduro is re-elected for a six-year term, though the opposition party has largely boycotted the race and two of his most popular opponents have been banned from running.
Additional sanctions could further hurt Venezuelan oil supply, already reeling from lack of maintenance and state-run PDVSA's inability to pay its bills. Most recently, the company elected to close its refinery in Curacao after ConocoPhillips  seized oil as it seeks to collect on a $2 billion court award.
Barclays said output from Venezuela could fall below 1 million barrels per day (bpd). The country produced around 1.4 million bpd in April, according to OPEC secondary sources.
OPEC leading producer Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil just as major consumer India expressed frustration with rising prices.
U.S. investment bank Jefferies said sanctions against Iran could remove more than 1 million bpd from the market.
The U.S. oil rig count held steady at 844 this week after rising for six weeks in a row, General Electric Co's  Baker Hughes energy services firm said.


Get Free Silver Tips With Accurate Calls By Our Expert Researcher, Amazing MCX Bullion TipsCommodity Trading TipsCrude Oil Tips... 

For More Detail You Can Call On:- 9977499927