Crude Oil Little Changed On Global Cues

Crude oil futures were little changed during afternoon trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the energy commodity on concerns that the OPEC-led production cut may not significantly tighten a bloated market. However, data from industry group the American Petroleum Institute (API) showed on Tuesday that, US crude stocks fell last week, and both gasoline and distillate inventories also dropped, restricted further fall in crude prices. Meanwhile, US government will release its Energy Information Administration (EIA) inventory data on Wednesday at 1430 GMT.
At the MCX, crude oil futures for May 2017 contract is trading at Rs 3085 per barrel, down by 0.06 per cent, after opening at Rs 3103, against a previous close of Rs 3087. It touched the intra-day low of Rs 3076 (at 13:49 hours).
For Quick Trial – 8962000225 ✔
or mail us here:
✆ – 0731-6626222 | Toll Free – 1800-3010-2007 ✔
Give a Missed Call for Free Trial – 09699997717 ✔

Author: ways2capital

Ways2capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX. To stay ahead in this turbulent markets traders/investors need the expert technical & fundamental analysis along with the latest news & data provided in various innovative & familiar ways. With this current scenario of economic re-balancing, emerging markets are becoming the leaders & driven of the economy across the globe as a whole. Ways2capital has been placed right at the center of this paragon. It is all possible because of the highly qualified analysts who are skilled & having cerebral thoughts in their analysis. Analysts become more competent as their ability is coupled by the latest software tools & techniques. Ways2capital offers various services in a different & simplified manner, so that it can suit the requirement of any trader/investor as per their investment. We provide more than 90% accuracy in our recommendations to make our client satisfied in a delightful manner. Ways2capital has proved itself as a benchmark in providing 24*7 customer support. If you are a commodity/stock/currency trader or investor then ways2capital will show you all the best feasible ways to optimize returns from the markets

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s