Tag Archives: harshal barot

Crude oil | US shale making a comeback at $50 a barrel dents crude oil market’s outlook

By Harshal Barot Oil prices ended lower for the fourth week in last five due to the overhang of inventories and consequent reduction of speculative long positions. While the compliance to output cuts has been nearly 100 per cent from … Continue reading

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Crude oil | Crude oil in danger of falling to $40 if Opec fails to extend output cuts

By Harshal Barot Oil prices were up for a second straight week as speculation ahead of the Opec meeting helped prices recover. The primary trigger for the market was the announcement last week that Saudi and Russia will extend the … Continue reading

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Crude oil | Geopolitical uncertainties to guide crude oil market in near term

By Harshal Barot Oil prices extended gains for a third straight week on geo-political tensions coupled with slightly supportive Opec and IEA monthly reports. Additionally there is hope that the production cuts may be extended beyond June which is lifting … Continue reading

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Crude oil | Crude vulnerable to profit-taking; Opec output cuts to guide oil market

By Harshal Barot Crude oil prices surged to a fresh two-year high ahead of the Opec decision this week. Speculation suggests that Russia is onboard with the extension of output cuts but the duration of extension is still unknown. WTI … Continue reading

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