Crude Oil may open on mixed path as it can move in range of 5960-6040 in MCX.
West Texas Intermediate headed for its first weekly advance since April as crude stockpiles shrank for the first time in more than a month in the U.S., the world’s biggest oil consumer.
Brent was steady in London. In Ukraine, the government and its U.S. and European allies say there’s no sign of a Russian pullback from the border.
They accuse President Vladimir Putin of fomenting separatist unrest in eastern Ukraine and warn that he may follow the annexation of Crimea in March with another land grab.
Natural gas may plunge lower tracking subdued weak overseas cues as it can test 270 in MCX. Natural gas futures fell the most in 10 weeks after a government report showed a bigger-than-forecast U.S. inventory increase.
Gas dropped to a threeweek low as the Energy Information Administration said stockpiles rose 74 billion cubic feet in the week ended May 2 to 1.055 trillion.
www.punjiniveshonline.com
West Texas Intermediate headed for its first weekly advance since April as crude stockpiles shrank for the first time in more than a month in the U.S., the world’s biggest oil consumer.
Brent was steady in London. In Ukraine, the government and its U.S. and European allies say there’s no sign of a Russian pullback from the border.
They accuse President Vladimir Putin of fomenting separatist unrest in eastern Ukraine and warn that he may follow the annexation of Crimea in March with another land grab.
Natural gas may plunge lower tracking subdued weak overseas cues as it can test 270 in MCX. Natural gas futures fell the most in 10 weeks after a government report showed a bigger-than-forecast U.S. inventory increase.
Gas dropped to a threeweek low as the Energy Information Administration said stockpiles rose 74 billion cubic feet in the week ended May 2 to 1.055 trillion.
www.punjiniveshonline.com
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