Commodities » Energy
Nymex crude oil prices closed at $81.78/bbl on Monday
March 9, 2010, Tuesday, 08:49 GMT | 03:49 EST | 14:19 IST | 16:49 SGT
By Amar Singh, Reena Walia Nair (Angel Broking)
MARKET RECAP
Crude Oil prices gained marginally on Monday and closed at $81.78/bbl as the dollar ended the session on a flat note. Crude oil prices gained last week amid strong economic data from US which increased investor expectations that the fuel consumption may increase in the worlds largest consumer.
OUTLOOK
Crude oil prices will take cues from the movement in the dollar today. The dollar is expected to strengthen on concerns in Eurozone. Moreover, concerns of rising inventories in the worlds largest consumer may also put pressure on the prices.
Support for NYMEX April Crude Oil is seen at $80.80/$78.80 levels & resistance at $82.50/$83.20 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