Commodity News Alert-Crude Oil Trading very Flat near 42.50$ ,No any confirm Trend. Crude prices nudged higher on Monday as storms bore down on the Gulf of Mexico, shutting more than half the region’s oil production, although gains were capped by ongoing concerns about demand from coronavirus lockdowns. Oil producers had shut 58% of the Gulf’s offshore oil production and 45% of natural gas production on Sunday. The region accounts for 17% of total U.S. oil production and 5% of U.S. natural gas output. “Oil’s gains, however, are likely to be muted as virus uncertainty continues to we ..read more

Commodity Big News- Crude Oil opens in Green because of Production cut news Trading near 43$. Oil prices rose in early trade on Friday, on track for a third straight week of gains, buoyed by major oil producers’ efforts to hold back output amid concerns about the economic recovery from the coronavirus pandemic. Meanwhile, an internal report by the Organization of the Petroleum Exporting Countries and allies, showed the group known as OPEC+ was focused on ensuring that members who had overproduced against their commitments would cut their output, as flagged following an OPEC+ meeting on Wednes ..read more

Commodity News Indian Market- Crude Oil in Red because Demand slow and US Stockpile Data,Crude Oil Trading in Range bind no any major movement from past 2 weeks. Oil prices fell on Thursday as major producers warned of a risk to the recovery in demand if the coronavirus crisis is prolonged, while U.S. crude inventories dropped less than expected. Stockpiles of crude in the United States fell last week for a fourth straight week, even as net imports rose. However, the 1.6 million barrel decline was less than a Reuters poll showing expectations for a 2.7 million barrel fall. Fuel demand was dow ..read more

Global Commodity Market- Crude Oil in Range 42-43$ no any confirm Trend,its moving sideways in range bond. Oil was mixed on Wednesday morning in Asia, with the American Petroleum Institute (API)’s prediction of a draw in crude oil supply overshadowed by ongoing concerns over U.S. fuel recovery. API on Tuesday reported a draw of 4.264 million barrels for the week ended August 14, beating forecasts of a 2.9 million-barrel draw. But some investors raised concerns about U.S. fuel recovery, with the U.S. Congress still unable to reach a consensus on the latest stimulus measures to get ec ..read more

Commodity Breaking News- Crude oil Down inspite of OPEC+ agrees to producion cut in coming days. Oil edged down on Tuesday morning in Asia, even after OPEC+ said on Monday that the organization is in almost full compliance with output cuts in place to support the black liquid as the COVID-19 outbreak continues to decrease demand. OPEC+’s joint technical committee (JTC), made up of technical experts assessing the implementation of the cuts, convened yesterday, with the compliance with July’s output cuts reportedly at around 97%. OPEC+ in August eased the agreed cuts to 7.7 million barrels per ..read more

Commodity News For Today- Crude Oil prices Opens in Green today Because boost in US crude imports. Oil prices climbed higher on Monday, lifted by China’s plans to ship in large volumes of U.S. crude in August and September, outweighing concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies. Chinese state-owned oil firms have tentatively booked tankers to transport at least 20 million barrels of U.S. crude for August and September, Reuters reported on Friday, as China ramped up energy and farm purchases ahead of a review of the Sino-U.S ..read more

Commodity Big News- Crude Oil opens in Green and heads towards weekly Gains as its last day of the week. Prices have been bolstered this week by U.S. government data showing crude oil, gasoline and distillate inventories all fell last week as refiners ramped up production and demand for oil products improved. Still, the International Energy Agency has reduced its oil demand forecast for this year, and said lower air travel due to the COVID-19 pandemic would cut global oil consumption this year by 8.1 million barrels per day (bpd). The Organization of the Petroleum Exporting Countries (OPEC) s ..read more

Commodity News Live-Crude oil prices eased slightly on Thursday but held most of their gains from the previous session after U.S. government data showed a fall in inventories, supporting the view that fuel demand is returning despite the coronavirus pandemic. U.S. crude oil, gasoline and distillate inventories fell last week as refiners ramped up production and demand improved, a government report showed. U.S. fuel demand rose to 19.37 million barrels per day last week, the highest since March, data from the Energy Information Administration (EIA) showed, while crude output fell to 10.7 milli ..read more

Commodity Live Rates- Crude Oil Trading in Sideways and in Rangebond 40-42$ no any confirm trend. Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts had expected, bolstering hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic. The American Petroleum Institute said on Tuesday that crude stocks fell by 4 million barrels last week, more than analysts’ expectations of a 2.9 million-barrel draw. Official government data is due on Wednesday. WTI Crude Oil Trading at 41.70$. Brent Crude Oi ..read more

Commodity Live Markets- Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen. Prices found support after U.S. President Donald Trump tweeted that top congressional Democrats wanted to meet with him on coronavirus-related economic relief. The talks between Democrats and the Trump administration broke down last week. On Sunday, Saudi Arabian Aramco CEO Amin Nasser said he sees oil demand rebounding in Asia as economies gradually open up. China’s factory deflation eased in July, driven by a rise in glo ..read more