Commodities » Energy
Nymex crude oil prices closed at $75.17/bbl on Friday.
August 30, 2010, Monday, 15:43 GMT | 10:43 EST | 20:13 IST | 22:43 SGT
By Mr. Naveen Mathur, Reena Walia Nair (Angel Broking)
MARKET RECAP
Crude oil prices gained around 1.8% on the Nymex and more than 2.3% on the MCX last week. Oil prices hit an intra-day high of $75.59/bbl on Friday before closing at $75.17/bbl.
OUTLOOK
Crude oil prices will take cues from the movement in the DX today. We expect DX to trade with the negative bias today and this factor will act as a supportive factor for the crude oil prices today. However, sharp gains in crude oil prices may not be witnessed as the latest GDP figures of the US indicate slowdown. This may raise concerns over demand for the commodity.
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