Commodities » Energy
Nymex crude oil prices closed at $75.02/bbl on Thursday.
By Mr. Naveen Mathur, Reena Walia Nair (Angel Broking)
MARKET RECAP
Crude oil prices gained on the Nymex on Thursday to close at $75.02/bbl, slightly below its intra-day high of $75.14/bbl. Despite Nymex prices gaining more than 1% yesterday, crude oil prices on the MCX platform ended on a flat note. The appreciation in the Indian currency capped gains in crude prices on the Indian bourses on Thursday. Spot Rupee closed at 46.72 against the dollar yesterday, appreciating by 0.1%.
OUTLOOK
Crude oil prices will take cues from the movement in the DX coupled with risk sentiments in the financial markets. The DX is expected to strengthen today and this factor will exert pressure on the commodity prices. However, any major news on the hurricane front will support prices on concerns over disruption of supplies in the Gulf of Mexico region.
Natural gas prices will take cues from crude oil prices today.
Stock Market Forum
- Information about Stock trading - An Article
7 February 2012
- how do you find canada stocks to trade?
3 February 2012
- my stock to watch for tomorrow-CLD
3 February 2012
- Dynamic levels is all about showing the stock levels for last 12 years.
19 January 2012
- Bank of England Keeps Base Rate unaffected at 0.50%
13 January 2012
- Oil price rise fuels India's inflation
4 January 2012
- How to invest in stock market
27 December 2011
- Four Secrets to invest in Stock Market: Beginners Guide
27 December 2011
- Food inflation plunges to 4-year low of 1.81%
22 December 2011
- Nifty delete certain posts gains on GDP data
22 December 2011