Crude oil Range movement in 40-41$ from past 2 weeks no clear trend,Gold very strong Trading above 1805$ per Ounce.

Commodity News Channel- Crude Oil in Range Bond 40-41$ from past 10 days no any confirm trend. Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude…

Crude oil in red as Corona virus cases rises ,Gold down as profit booking but stays above 1800$.

Global Commodity Prices- Crude oil Down because Increase in cases of Corona Virus around the world,Crude oil has lower demand. While many analysts are expecting economies and fuel demand to recover from the pandemic, record daily increases in coronavirus infections this week in the United States, the world’s biggest oil…

Crude Oil Prices down as US Stock Build,Gold in Red After Making Highs above 1790$.

Commodity Price News- Crude Oil Down Because US Stock Builds this week Inventory Reports shows. Oil prices inched up in early trading on Thursday after sliding more than 5% in the previous session on worries that a rapid rise in COVID-19 cases could choke a revival in fuel demand, but…

Crude Oil Drops as US Inventory Builds,Gold Ready For another Bull run this week.

Commodity Latest News- Crude Oil Drops because of USA inventory Strong Build & Oversupply concern. Demand for Crude oil is FALLING is another reason for prices down. U.S. crude┬áinventories climbed 8.4 million barrels in the week to June 5, API data showed, while a Reuters poll of analysts had indicated…

error

Enjoy this blog? Please spread the word :)