Trifecta Consultants founder Sukrit Vijayakar shared his views on the likely direction of crude oil prices after Saudi Arabia decided to slash prices and flood the market with crude. This was aired live on CNBC Awaz on Monday, 09 March, 2020. https://www.youtube.com/watch?v=pJq6rzc_Zn0
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Read MoreCrude Oil Oil Prices ended up mixed on Tuesday. Brent crude futures dipped 4 cents to settle at $51.86 a barrel. WTI futures rose 43 cents to settle at $47.18 a barrel. The Feds efforts to stimulate the U.S. economy and OPEC’s planned rate cuts staunched some of the losses on Tuesday, as heavy volumes were traded. On Tuesday 399,600 contracts for the Brent front-month and 971,000 for WTI changed hands. That compares with 417,555…
Read MoreCrude Oil Oil prices rose over 4% on Monday as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak. Brent crude futures gained $2.23, or 4.5%, to settle at $51.90 a barrel. rose $1.99, or 4.5%, to settle at $46.75 a barrel. Brent’s session low of $48.40 was its lowest since July 2017. while WTI ‘s low of $43.32 a…
Read MoreCrude Oil Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year as fears about the corona virus continued. The expiring April Brent future fell $ 1.66 to settle at $50.52 a barrel. The more active May Brent future settled $ 2.06 lower at $ 49.67 a barrel. WTI crude futures settled $ 2.33 lower at $44.76 a barrel. For the week, Brent lost almost…
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