Tuesday 11 August 2015

MCX Crude oil price decline, today Gold Silver tips, 11 Aug commodity Intraday tips

Yesterday after precipitation, today is seeing a agin sharp decline in crude oil. International crude oil prices have fallen nearly 0.75 per cent. The price of Brent has slipped back to $ 50. The sharp decrease in demand for crude to JP Morgan estimates, the bank said that its first estimate for next year has been cut by nearly 19 dollars. 
According to JP Morgan next year's average price of Brent crude to $ 50 and $ 44 can remain NYMCX crude. In addition to crude oil this week is going to be very important, because this week the US Energy Department, OPEC and the International Energy Agency's report is forthcoming, the market is waiting for. The MCX crude oil with 0.35 percent gain in 2870 is showing around Rs. The Natural Gas 0.11 per cent to Rs 180 seems closer.

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