Skip to main content

Posts

Showing posts with the label Important Updates For Crude Oil from MCX.GURU

Important Update on Crude Oil

Crude prices fell in Asia on Thursday with markets downbeat on the supply outlook as U.S. inventories of gasoline show demand lagging a surge in domestic production and oversupplied global markets. On the New York Mercantile Exchange crude futures for June delivery fell 0.56% to $49.34 a barrel, while on London's Intercontinental Exchange,  Brent  last traded at $52.08 a barrel.

News on Crude Oil From MCX.GURU

Crude settled higher on Thursday, after the International Energy Agency (IEA) said the oil demand and supply imbalance was close to breakeven, after several developed countries reined in production. On the New York Mercantile Exchange  crude futures  for May delivery gained 7 cents to settle at $53.18 a barrel, while on London's Intercontinental Exchange,  Brent  added 1 cents to trade at $55.87 a barrel.