Tag Archives: Free MCX Crude oil Tips Today

Boom in crude oil due to cut production by US Energy Department @ Free MCX Daily Crude Tips

The US Energy Department has cut crude oil production estimates in the US. EIA has said that due to the Harvey storm, it is possible to produce 92.5 million barrels of average daily this year, whereas last month the agency had estimated the production of 93.5 million barrels. EIA has also cut the crude production estimate for 2018. In such a situation, the prices of crude went up yesterday and Brent’s price was $ 54 and WTI crude crossed $ 48. However, today the pressure in the dollar is showing pressure from the upper level.

Currently, Crude oil on MCX is trading around Rs. 3090 with a slight decline of 0.15 percent. Natural Gas is trading at 0.13 percent and It is trading at 193.2.

MCX Crude Oil Tips

@Buy MCX Crude Oil September future above 3100 targets 3125, 3150 Stop loss 3073.

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.