Posted by : Niti Mathur
Crude Oil Updates
The proceeding clash in Syria and the moderate spread of brutality in the locale around it press on to make it challenging to correctly anticipate what's to come for oil sends out from the region and that is giving back to raw petroleum costs. Inside Syria itself, generation had fallen into decrease something like ten years back, after the present battle started. The accelerate drop in the course of the most recent two years has, then again, been substantially more memorable. As Energy Export Data browser noted from the Bp detail survey, processing fell by 49% last year.
Natural Gas Trend
In a not-so famous move, the Manmohan Singh-advanced Indian government has climbed the Natural Gas costs by essentially twofold. The expansion in the costs will be made viable from April one year from now. As an aftereffect of the climb in costs of common gas, power levy, urea cost, and auto gas i.e. Cng costs are situated to ascent altogether. The new costs will be altered according to the new equation recommended by a board headed by the Prime Minister's budgetary guide C Rangarajan. This will be the first correction in gas costs in three years.
The equation utilization enduring and spot fluid gas (LNG) import contracts and also universal exchanging benchmarks to touch base at an intense cost for India.
MCX Suggestion For Today
MCX Gold Sell on higher levels.
MCX Silver: Sell on higher level.
Crude Oil: Trend Consolidate Today.