Skip to main content

LIVE CRUDE OIL NEWS UPDATE www.tradelinecommodity.com India's No.1mcx Tips Provider Missed Call @:8533828881/8057046270

UPDATE 2-Oil rises to 5-month high on firmer China data, prospect of fresh supply curbs
* China's PMI give boost to oil demand - trader
* Brent rises to highest since mid-Nov
* WTI rises above $62 for 1st time since early Nov (Adds stock markets gain, updates prices)
By Aaron Sheldrick
TOKYO, April 2 Oil prices climbed to nearly five-month highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions against Iran and further Venezuelan supply disruptions.
Brent crude  rose 15 cents, or 0.2 percent, to $69.16 a barrel by 0636 GMT, having earlier touched $69.50, the highest since mid-November.U.S. West Texas Intermediate (WTI) futures  rose 14 cents, or 0.2 percent, to $61.73 a barrel, after earlier rising above $62 for the first time since early November.
Positive data from the world's biggest economies, the United States and China bolstered prices, with China's manufacturing sector unexpectedly returning to growth for the first time in four months during March, figures showed on Monday. PMI number was the most significant monthly increase since 2012, which should ease concerns around a potential threat to oil demand," said Stephen Innes, head of trading and market strategy at SPI Asset Management.
The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) expanded at the strongest pace in eight months in March, the figures showed. is such a driver of commodity prices I do think the markets will swing to the demand side of the equation as that element is so underpriced," Innes said.

Get Sure Shot Technology Research Tips In Bullion + Metals+ Energy 
For One Day Free Demo 
India's No.1mcx Tips Provider
Missed Call @:8533828881/8057046270
https://api.whatsapp.com/send?phone=918057046270 
© Reuters.  UPDATE 2-Oil rises to 5-month high on firmer China data, prospect of fresh supply curbs

Comments

Popular posts from this blog

Gold Today Report Gold retreats from 1-month high as dollar firms,. Technical Lab 8650986510 www.mcxanalysis.com

Honest Updates

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018 Oil prices jumped on Monday after the energy ministers of top producers Saudi Arabia and Russia jointly said that an OPEC-led crude production cut would be extended from the middle of this year until March 2018. FOR JOINING OUR SERVICES LOG ON www.honestadvise.com OR CALL @7617537676

Fox Premium Calls

Fox Premium Calls includes All Major Segments of Mcx Trading commodities: Gold, Silver Copper, Nickel, Lead, Zinc, Aluminium, Crude Oil & Natural Gas.Fox Premium Calls Services are Specially Designed For Brokers,High Volume Traders and People Seeking High and Quick Returns in Intraday Trading with Trust and Capital Safety.We Provide Combination of 3 services Bullion, BaseMetals & Energy will be covered in This Package.Daily 3 to 4Trading Tips will be provided Upto 98% Accuracy Level will be maintainedSingle Target & Singal Stoploss And Exit will be provided for All calls If Market is so Much Volatile.We are Providing Services in differernt Calls Ranges All the Calls Have Been Designed Considering the Needs of All Types of Clients Trading in the Diffrent Segment. All the Trades Would Strictly Be with stop-Loss. Clients Can Call Us Any Time to Get any information Regarding the Trades Via sms and Telephone.Traders Looking For Highly Profitable Market Have An Opportunity To Ea...