Page 7 - Crude Oil Price
As Iran votes for new President, rise in gasoline prices may spark protests
As Iran's runoff presidential election nears, comments by an official in the campaign of reformist Masoud Pezeshkian raised the possibility of his government increasing government-set gasoline prices a move that has sparked nationwide protests in the past. While still tentative, economists long have warned Iran needs to overhaul its system of subsidies, estimated to cost the Islamic Republic tens of billions of dollars a year. In 2019, a similar hike triggered mass demonstrations and a bloody crackdown that grew even more intense after the 2022 protests over the death of Mahsa Amini. On Saturday, Pezeshkian campaign head Ali Abdolalizadeh told journalists that his possible presidency would see price hikes for fuel and other items handled without any outcry. Don't worry, petrol at any ... price, you will see that it would be allowed with calmness and cooperation by the people, Abdolalizadeh said. Hard-liners immediately accused Pezeshkian of planning to increase fuel prices by a ..
 "As Iran votes for new President, rise in gasoline prices may spark protests")
Cash-rich commodities traders snapping up refineries from Big Oil
Oil majors are also under pressure from institutional investors to cut emissions
 "Cash-rich commodities traders snapping up refineries from Big Oil")
Crude Oil prices may retreat; test support at $82-80 per barrel
Recent economic data from across the region like Asia, Eurozone and the US are indicating an economic slow down ahead.
 "Crude Oil prices may retreat; test support at $82-80 per barrel")
Crude Oil: Check key trading strategy on July 02, target price and more
Crude oil prices at $83.50, hover near two months high driven by the renewed geo-political risk in the middle east and red sea region along with the threat of Hurricane Beryl
 "Crude Oil: Check key trading strategy on July 02, target price and more")
From Jan lows Russian oil rebounds to 45.4% of Indian crude imports in June
Russian volumes have surged amid shrinking discounts for the grades. Discounts averaged $10 per barrel on a delivered basis off Brent crude in mid-2023 compared to over $4 per barrel now
 "From Jan lows Russian oil rebounds to 45.4% of Indian crude imports in June")
From Jan lows Russian oil rebounds to 45.4% of Indian crude imports in June
Russian volumes have surged amid shrinking discounts for the grades. Discounts averaged $10 per barrel on a delivered basis off Brent crude in mid-2023 compared to over $4 per barrel now
Intraday trading strategy for gold, crude oil by Neha Qureshi of Anand Rathi
On the daily chart, MCX Gold for August is hovering near its trend line support. A break below 70,750 could signal bearish sentiments, the analyst said
 "Intraday trading strategy for gold, crude oil by Neha Qureshi of Anand Rathi")
Crude prices may remain higher at $85-100 in short term: S&P Global
OPEC countries have enough oil which can potentially cap any sharp price increases
 "Crude prices may remain higher at $85-100 in short term: S&P Global")
Oil outlook, June 27: Oil a 'buy on dips' bet; MCX Crude support at Rs 6700
WTI/MCX crude oil outlook today: The overall weekly inventory report is disappointing as it is indicating slowdown in the US consumer/industrial demand
 "Oil outlook, June 27: Oil a 'buy on dips' bet; MCX Crude support at Rs 6700")
Oil outlook, June 27: Oil a 'buy on dips' bet; MCX Crude support at Rs 6700
WTI/MCX crude oil outlook today: The overall weekly inventory report is disappointing as it is indicating slowdown in the US consumer/industrial demand
WTI Oil strategy, June 25: Outlook bullish on tight supply; Support at $77
Crude oil strategy: Crude remains on track for a monthly gain. The immediate support for WTI remains at $ 78.78 (50-DMA) and short-term support stays at $77.13 (200-DMA)
 "WTI Oil strategy, June 25: Outlook bullish on tight supply; Support at $77")
Asian shares subdued, yen at record lows; treasuries little changed
Oil prices were flat for the day. Brent futures held at $85.95 a barrel while US crude was little changed at$81.60 a barrel
 "Asian shares subdued, yen at record lows; treasuries little changed")
Brent oil futures stable above $85 a barrel ahead of US inventory data
Oil prices are likely to remain supported around current levels because of a growing geopolitical risk premium driven by conflict in the Middle East, said ActivTrades analyst Ricardo Evangelista
WTI crude oil to stay rangebound within $78-$83; check strategy for June 20
Crude oil strategy for June 20, 2024: WTI crude oil could test resistance of $85 over the medium term
Oil up after Fed comments, expected US crude stockpile drawdown: Report
Prices extended gains on Tuesday after the New York Federal Reserve President John Williams said interest rates will come down gradually over time
 "Oil up after Fed comments, expected US crude stockpile drawdown: Report")
Windfall tax on petroleum crude cut to Rs 3,250 per MT from Rs 5,200
The tax, which is revised every fortnight, remained unchanged at zero for diesel and aviation turbine fuel
Oil future prices head for weekly gain on solid 2024 demand outlook
US consumer sentiment weakened in June to a seven-month low as inflation and income worries linger, a survey showed on Friday
Crude Oil: Check key trading strategy on June 13, target price and more
The WTI holding on to support of $78 in Asian hours, retreating from three weeks high of $79.12. hit on Wednesday
Stock Market Highlights, June 11: Sensex, Nifty end flat on late sell-off; RIL, ITC weigh
Stock Market highlights on Tuesday, June 11, 2024: The BSE Sensex ended 33 points lower at 76,457, while the Nifty was up six points at close; Broader indices, however, settled with decent gains.
 "Stock Market Highlights, June 11: Sensex, Nifty end flat on late sell-off; RIL, ITC weigh")
Crude oil strategy for June 11: Trend remains weak, WTI eyes support at $76
Oil prices are moving higher after posting three straight weekly declines following Opec+ decision on June 2
