Commodities » Energy
Nymex crude oil prices closed at $79.80/bbl on Monday
March 16, 2010, Tuesday, 07:15 GMT | 03:15 EST | 12:45 IST | 15:15 SGT
By Amar Singh, Reena Walia Nair (Angel Broking)
MARKET RECAP
Crude oil prices traded in the negative territory on Monday taking cues from the strength in the dollar coupled with concerns of rising inventories with the major consumers. Nymex crude oil prices touched a low of $79.13 yesterday.
OUTLOOK
Today, crude oil prices would continue to trade with a negative bias facing pressure from the strong dollar. However, the crude oil inventories data from the US energy department and the OPEC meeting tomorrow may provide further direction to the prices.
Support for NYMEX April Crude Oil is seen at $78.80/$77.90 levels & resistance at $80.10/$81.00 levels.
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