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Crude oil prices are getting some support on global market due to fall in crude oil stock of US World's largest consumer of crude oil. Crude oil trading near $ 41 per barrel with a marginal gain of 30 cents on NYMEX. This recovery of global market may led in domestic market too. Crude oil could be gained on MCX. Although Crude prices fell from their intraday resistance of 2800... Read more here- http://www.pinnaclefinancial.in/blog/economic-data-release-us-crude-stocks-declined/

According to Richard Gibbs of Macquarie Securities reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation Richard Gibbs Global HD, Macquarie More about the Expert Richard Gibbs, Global Head of Macquarie Securities is upbeat on India because he thinks there is room for structural expansion and the demand is much better than anywhere else in the world. According to him reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation. It is also likely to produce some tailwind for the global economy. "It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well." The house remains a buyer on India. What is the sense you are getting. Are we now facing a fairly big challenge to global growth and therefore are risk assets going to head lower? A: I think the International Monetary Fund (IMF) is articulating that fairly well as we move into the IMF World Bank annual meeting in the next few days. It really is a case where the US is I suppose the best if you see IMF's parlance and that's for investors who have been searching for growth is a disappointment. So, now I suspect we are going to have people turning back towards in search for yield and that has become difficult as well with the expansion in quantitative easing measures around the world but most particularly by the European Central Bank of course. At the end of the day lower crude prices are probably growth positive and the issue there is whether they pertaining further disinflationary pressure/deflationary pressure in the major economies. Certainly for an economy like India, cooling in crude prices is a positive. It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well. It's a bit of a two-edged sword as I suppose in that sense but overall lower crude prices are likely to produce some tailwind for the global eco

Crude oil prices have got some positive support due to the Decline in stock of Crude oil in US the world's largest consumer of crude oil and because of this the price is moving again towards $ 40 a barrel. Read more here- http://www.pinnaclefinancial.in/blog/declined-us-crude-trend-bull-commodity-tips/

Crude oil prices reversed its previous day's gains, falling by 0.22 per cent on Thursday at the domestic markets after a report said that US crude oil stockpiles rose last week, signaling weakening demand for the fuel in the world's biggest crude oil consuming nation. US crude oil stockpiles rose 2.6 million barrels to 384 million barrels last week, the EIA said.

The Down trend in Crude oil is un-stoppable right now. International and Domestic crude oil prices hace dipped to a low of around 20 weeks. On Wednesday Crude Oil price have touched a low of $ 44.83 dollars per barrel in the overseas market which is lowest level since March 18. Read more here- http://www.pinnaclefinancial.in/blog/mcx-crude-oil-tips-down-trend/

The demand of crude oil has been seen crash in China the Largest consumer of Crude Oil after United States, and impact of this has been seen in crude price also. Crude oil is now trading at $ 46.35 per barrel on Global Market....

Crude Oil price declined sharply, at NYMAX Crude oil traded below $88 while Brent Crude slipped below $91.

Crude prices jumped more than 1% after Yemeni separatists carried out a drone attack on a Saudi Arabian oil facility during the weekend. Brent crude climbed 78 cents to $59.42 a barrel, while US crude gained 64 cents to trade at $55.51 per barrel, reported Reuters.

MCX Crude after breaking up from the triangular pattern made a high of 5635. However, it was unable to sustain above 5,550 and finally gave up almost all the gains...... Read full report here @ http://commodity-intraday.blogspot.in/2012/03/mcx-commodity-tips-crude-and-copper.html

West Texas Intermediate crude prices have climbed this year on concern that tension with Iran may lead to military conflict in the Middle East, where more than half the world's oil reserves are located..... Read more here @ http://commodity-intraday.blogspot.in/2012/03/crude-updates-for-today-mcx-commodity.html

Oil dropped from the highest close in more than a week in New York as investors bet that rising U.S. stockpiles signal fuel demand may falter in the world's biggest crude-consuming nation. Oil for May delivery fell as much as 62 cents to $106.71 a barrel...... Read more here @ http://commodity-tips-free.blogspot.com

All Energy contracts showed down trend. Natural gas April was down by 10.17% to Rs 112.20 per MMBTU, Crude oil April was down by 2.31% to Rs 5,293 a barrel and Brcrude oil April was down by 0.19% to Rs 6318.00 per barrel...... Read full report with free tips here @ http://commodity-intraday.blogspot.in/2012/03/mcx-crude-and-energy-updates-for-today.html

Source :-http://live-mcx.blogspot.in/ MCX CRUDE OIL TREND, MCX COPPER TREND, MCX GOLD SILVER TREND TIPS. SUPPORT RESISTANCE LEVEL FOR 11 JULY 2012.Crude Oil Tips,Live Rate Price for 11th We expect crude oil prices to trade on a negative note taking cues from end of strike by the platform workers in Norway, decline in China's crude oil imports along with stronger dollar index (DX).MCX Crude Oil: Support 4750, 4710; resistance 4830, 4860 Visit http://live-mcx.blogspot.in/ for more tips.

Crude oil futures prices ascended after the biggest one-day rally climb in six years the day before, that drove by the news of diminished crude oil supplies.

Good Morning readers, Commodity Market has opened today with shine in yellow metal Gold. Gold is in upward trend and crossed 28,000. Crude oil trend is down, crude oil September 11 contract was down 0.78% to Rs 4,219 per barrel

Crude oil trading range for the day is 2072-2308.Crude oil prices recovered from lows after data showed that oil supplies in the U.S. rose less than feared last week.

The worldwide Crude Oil Flow Improvers (COFI) Market is conscientiously looked into inside the report while generally focusing on top players and their business strategies, topographical development, advertise sections, serious scene, assembling, and evaluating and value structures. Each area of the examination study is extraordinarily arranged to investigate key parts of the overall Crude Oil…

Crude oil reached to 6 years lower level in global market. At Nymax the price has gone below 44$, Brent crude price slipped below 55$.

US Energy Secretary Rick Perry said on Thursday that export of crude oil from the US to India will help in creating jobs, and bring economic stability in both the nations. The statement comes after a few days of the first-ever consignment of American crude oil reached India.

Highlighting the arrival of two shipments of crude oil from the US, Petroleum and Natural Gas Minister Dharmendra Pradhan said on Sunday that the country is emphasising on diversifying its sources for crude oil supply and tapping new markets.