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  • MCX Cardamom under fresh… Cardamom on Multi Commodity Exchange (MCX) is on fresh selling, since market has witnessed gain in open interest by 0.84 percent to settle at 362.…
  • Fresh buying in NCDEX… NCDEX Jeera is under fresh buying since market has witnessed gain in open interest by 8.04% to settled at 9,189 while prices up 500 rupees.…
  • Mentha oil futures trade… Mentha oil prices were traded on lower by 2.88% to Rs.1849.40 per kilo in futures market Monday, since speculators have booked profits at current levels despite…
  • Gold futures decline on… Gold prices slid lower by 0.27% to Rs 28,589 per 10 grams in futures trade on Friday as participants went for booking profit at prevailing…
  • Centre approves floor price… To care for domestic pepper growers against a surge in imports the government has approved a proposal from the Spices Board for imposing a Minimum…
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What will be Impact petroleum Inventory report for Crude Oil

Today the Inventory Report of the US Petroleum Institute is on the way and the pressure in crude oil has increased today. The Sharara oil field has started again in Libya, and there is a possibility of increasing production from there. Let us tell you Libya production is not included in the deduction. Meanwhile, the production of OPEC in July this year has gone to record levels. In such cases, pressure on crude oil prices has remained constant. Crude oil in the global market is down by about 0.5 percent and recovery at NYMEX is running below $ 50.

in the domestic market MCX Crude Oil is trading near at 3170 with gain of 0.5 percent.

@Sell MCX Crude Oil for intraday at current market levels 3170 august targets 3145, 3125 Stop Loss 3205.