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Crude oil futures were trading lower during early morning trade in the domestic market on Friday as investors and speculators continued to cut risky bets in the energy commodity amidst heightened fears over a worsening supply glut in the global oil market. US crude supplies climbed for the seventh week on the trot, up by 4.22 million barrels last week, the EIA said, adding that supplies of the fuel in the world's biggest oil consumer

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.

Crude Oil prices surged by 9 percent on Monday, after that the foreign market is witnessing once again dominated the fall today. On Tuesday, NYMEX crude oil fell by nearly 3 percent and trading down to $ 47.50 a barrel. On Monday, crude oil in the domestic market rose by Rs 225 and closed at Rs 3,230. Read more here- http://www.pinnaclefinancial.in/blog/crude-updates-commodity-face-today/

Crude oil futures slided over 1 per-cent in the native market on Wednesday as investors & speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as an eighth straight rise in US crude oil stockpiles last week aggravated fears over a global supply glut.

The edible oil industry has endorsed the govt to increase the import duty on both crude & refined oil, along with setting aside a portion of the revenue earned to set up an Oilseeds Development Fund to increase native production.

Today, Crude oil futures plummeted over 1 per-cent in the native market while tumbling to a 6 year low in the overseas market as investors, observers and speculators regained to a heavy sell-off in the energy commodity amidst continued fears that a global oil glut may exacerbate due to the fallout of the OPEC's decision to maintain production at high levels, and sluggish world wide growth of economy which may weaken requirement.

Brokers said participants adopted a cautious approach and trimmed their positions ahead of wholesale inflation data for September, to be released later in the day and Q2 earnings by Reliance Industries, which has significant influence over 30-share Sensex. Reliance Industries has slashed its budget for developing the three main oil- and gas- producing areas in its showcase Andhra offshore field by $3 billion, citing an unexpected fall in reserves, sources told optiontips.in India plans to relax rules for oil and gas exploration licences in time for the next bidding round, in a move to attract global companies. More News on: http://www.kyachadega.com/2012/10/market-remain-flat-for-day-optiontipsin.html

Today, Crude oil futures plunged by 3 per-cent in the native market on Friday as investors & speculators cut risky bets in the energy commodity which sank to the lowest level in 11 weeks in the overseas market as concerns over a world wide supply glut worsened.

Crude oil futures tanked around 4 per-cent in the native market on Friday last week as investors and speculators resorted to heavy selling after the OPEC, the cartel that accounts for around 40 per-cent of world wide crude supplies, refused to curb production to alleviate a supply glut.

Crude oil prices expanded gains on Friday, as the dollar slumped as compared to the euro, although market focus is fixed on an OPEC meeting in Vienna where the group is hope to reiterate its high output strategy.

1. Sensex jumps 200 points ahead of US Fed meet. 2. China stocks flat ahead of Fed meet; energy shares up. 3. Oil mkt makes only one promise, and that's volatility. 4. Rupee inches up ahead of US Fed meet outcome. 5. L&T, Maruti, Strides Shasun among top 5 buy ideas from top brokerages. 6. F&O view: Heavy Call OI buildup at strike 8,000 to cap Nifty50 upside.

Top Ten Stocks RIL: Reliance Industries (RIL) has challenged the jurisdiction of a panel examining Oil & Natural Gas Corp's (ONGC) allegations that it boost out gas from the state-run firm's field, & has argued that the dispute should be resolved by arbitration.

Today's news : Asian equities delivered some last-minute Christmas cheer, continuing to rally on the last full trading day of the week before the holiday. Oil prices recovery boosted energy stocks in the areas, with US crude nearly 1 per-cent high in Asia trading following a 4 per-cent rally overnight.

Traders we are looking for the move during this period and we are going into the middle of the week and stocks have pulled back and the selling is there for only a trade during this period only lets keep this in perspective.