• Oil and natural gas daily review (September 10, 2015)

    Crude Oil

    WTI oil prices declined by around 4 percent on Wednesday to close at $44.2 per barrel pressured by ample supply and concerns about demand being curbed by slowing economic growth.

    Oil futures extended losses as U.S. equities turned lower after the prospect of economic stimulus from China boosted stock markets in Japan and Europe.

    Crude oil futures have been under pressure from concerns about swollen inventories, high global production and the increasing likelihood that Iranian barrels will return to export markets even as slowing growth in China threatens demand.

    On the MCX, oil prices declined by 2 percent to close at Rs.2989 per barrel

    EIA inventory update

    The official report on weekly stockpiles, due on Wednesdays from the U.S. Energy Information Administration, will be delayed till Thursday.


    The fundamentals of the commodity remain bearish with over supplies on one hand and bleak demand on the other hand while concerns over slow growth in China is also denting crude oil demand acting as a negative factor for oil prices.

    On the MCX, oil prices are expected to trade lower today.

    Contributed by Angel Broking
About us
StockMarketsReview.com provides news coverage, analysis and researches for world stock markets, commodities and currencies. We publish articles provided by experts of leading brokerage and investment companies. At our website investors can find daily, weekly and monthly reports, news, recommendations on the IPOs and fundamental analysis for stocks which are currently traded at the stock exchange.