Oil Mixed as Rising US | Today Commodity Market News Outlook Report 11th JUNE 2018.



Bullion - Opens on mixed Note Gold -31140-31150 Silver - 40630-40700 

Energy - Opens on mixedNote Crude Oil - 4420-4425 Natural Gas - 197.30-197.50 

Base Metals - Opens on mixed Note Copper -489.10-489.50 Nickel - 1036-1038 Lead -167.10-167.30 Zinc - 216.50-216.70 Aluminium -156.60-156.80



Oil prices were mixed on Monday, caught between the downward pull of rising Russian production and U.S. oil drilling activity at its highest since 2015, and upward pressure from strong demand, especially in Asia.

However, analysts expect surging U.S. output to start offsetting efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to withhold production, which have been in place since 2017 and in the first half of this year have pushed up prices significantly.

Brent crude futures, the international benchmark for oil prices, were at $76.50 per barrel at 0215 GMT, up 4 cents from their last close.

But U.S. West Texas Intermediate (WTI) crude futures were down 8 cents at $65.66 a barrel.

1 comment:

  1. Pooja Pariya30 July 2018 at 02:26

    Asian markets are lower today as Japanese and Hong Kong shares fall.
    capitalstars

    ReplyDelete

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