Commodities » Energy
Nymex crude oil prices declined to close at $75.42/bbl on
August 19, 2010, Thursday, 17:49 GMT | 12:49 EST | 22:19 IST | 00:49 SGT
By Mr. Naveen Mathur, Reena Walia Nair (Angel Broking)
MARKET RECAP
Crude oil prices declined around 0.4% on the Nymex to close at $75.42/bbl on Wednesday. Crude oil prices hit an intra-day high of $75.74/bbl yesterday. On the MCX platform, it declined around 0.8% yesterday on the back of appreciation in the Indian Rupee, further exerting pressure on the commodity prices on the Indian bourses.
OUTLOOK
Crude oil prices will take cues from the movement in the US dollar index (DX). The weakness in the DX will help the commodity prices to gain.
Natural gas prices will take cues from the inventory data to be released today. Markets are expecting the inventories to increase by 32 billion cubic feet.
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