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Oil Daily Review December 6, 2017

Oil Daily Review for December 6, 2017

Crude Oil Price Forecast: Producer Hedging May Limit Aggressive Upside

Crude Oil prices continue to trade under the $59/bbl zone, but a key explanation for the lack of upside is showing up in the derivatives

 

Saudi Arabia Non-Oil Private Sector Growth At 27-Month High

Saudi Arabia’s non-oil private sector activity expanded at the fastest pace in more than two years in November, survey data from IHS Markit showed Tuesday. The headline Emirates NBD Purchasing Managers’ Index, or PMI, rose to 57.

 

Asian Shares Retreat On Oil Slide, Tech Selloff

Asian stocks closed broadly lower on Tuesday after oil prices fell over 1 percent overnight and Brexit talks did not yield a breakthrough on the withdrawal issues.

 

Egypt Non-Oil Private Sector Returns To Growth In November

Egypt’s non-oil private sector activity expanded for the first time in just over two years in November, survey data from IHS Markit showed Tuesday. The seasonally adjusted Emirates NBD Egypt Purchasing Managers’ Index, or PMI, rose to 50.

 

Sensex, Nifty To See Flat Opening As Oil Prices Climb

Indian shares look set to open on a flat note on Tuesday after Fitch Ratings cut India’s FY18 GDP growth forecast to 6.7 percent from 6.9 percent projected earlier, saying the rebound was weaker than expected due to one-off factors like the demonetization program and disruptions related to the implementation of GST.

 

WTI Crude Oil and Natural Gas Forecast December 6, 2017

The WTI Crude Oil market went back and forth during the trading session on Tuesday, as we are struggling to keep momentum. The Crude Oil Inventories announce…

 

Crude Oil Prices Eye EIA Inventory Data, Gold Breaks Range Floor

Crude oil prices are looking to weekly EIA inventory flow statistics for direction cues. Gold prices have narrowly broken long-standing range floor support.

 

Have a nice trading!




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