MCX Crude oil technical analysis forecast and free technical tips updated on 25th July 2016, Monday.


Oil prices were on track to a weekly loss as potentially higher Iraqi crude exports and bearish U.S. inventory data weighed on the market.

NYMEX crude was down 54 cents, or 1.17 percent, at $45.66. It fell as low as $45.26 earlier, the lowest since May 11. The contract was on pace for a weekly loss of nearly 5 percent.

U.S. crude and oil product stocks rose 2.62 million barrels to an all-time high of 2.08 billion barrels as gasoline stocks posted a surprise summer build of 911,000 barrels.

1 comment:

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