Monday, 4 April 2016

Best Mcx Commodity Tips Provider in India


MarketMagnify provides you accurate tips related to the Mcx market with great accuracy percentile. For more information visit:http://www.marketmagnify.com/bullion-tips.php

Oil prices fell in early trading on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to fade, while US output remains stubbornly high. Front month US West Texas Intermediate (WTI) crude futures were trading at USD 36.38 per barrel at 0302 GMT, down 1.1 percent or 41 cents cents from their last settlement. 

International Brent futures were down 0.9 percent or 34 cents at USD 38.33 a barrel. The falls extended a 4 percent tumble on Friday when Saudi Arabia said it would only participate in a global freeze of its output if its rival Iran also took part, something Tehran has so far dismissed. 

Adding to concerns of a global glut which has pulled down prices by as much as 70 percent since 2014, US production has remained high despite steep cuts in drilling for new reserves as well as a jump in bankruptcies.

2 comments:

  1. There are so many elements that may have an affect on the way prices are moving in any kind of financial market. Always invest after getting advices from Epic Research’s experts.

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