MCX Crude oil futures weighd on Easing Syria fears

MCX Crude oil futures ended lower in the domestic market on Yesterday as the five permanent members of the UN Security Council which include the US, UK, Russia, France and China reached a deal to make Syria surrender its chemical weapons, easing concerns over a US military strike against the country, tempering fears over a disruption of crude supplies from the Middle East. However, robust US data signaled a pickup in the world’s biggest economy, brightening the demand outlook for crude oil, curbing losses in the fuel. The number of Americans who filed for jobless claims fell by 5,000 to 305,000 last week, signaling an improving labour market recovery. 

MCX Crude Oil News & Trading Levels

Crude oil futures slipped today as the traders booked profits in the Asia electronic session today.The traders waiting for  the American Petroleum Institute today and the Energy Information Administration’s report tomorrow.The market also awaited a decision by members of the Organization of the Petroleum Exporting Countries (OPEC) on production targets as they gather for a meeting in Vienna Friday.

MCX June crude oil Facing Resistances at 5347,5368,5384

MCX Gold & Crude Oil News

MCX Gold-Gold Fell on Strong Equity Markets,But Physical demand looks Strong

Gold fell on Today  due to Firm Asian stock markets and the dollar firmness from turbulent week. Gold ' s appeal as a safe haven and prompting more selling in bullion-backed exchange traded funds.Demand in the physical market continued to hold prices near $1,400 an ounce as the recent drops in the spot market lured buyers to invest in bullion.Spot gold fell 0.26 percent to $1,390.71 an ounce,after gaining more than half a percent on Monday. It rose 2 percent last week - its strongest weekly percentage gain in a month - though the metal is down 17 percent for the year.U.S. gold rose 0.22 percent to $1,389.60.Bullion is being sold at high premiums compared to spot prices as there is not enough supply in the market to meet the strong demand.

Gold prices remain near a two-year low of $1,321.35 hit in mid-April as investors flock to higher-yielding stocks.Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, are at their lowest since mid-February 2009, falling 0.24 percent to 1,016.16 tonnes on Friday. The fund held 1,350.50 tonnes of gold at the beginning of 2013.

Russia, Turkey and Kazakhstan were among central banks buying gold in April to diversify their strategic portfolio, data from the International Monetary Fund showed on Monday.Demand in India, the world's biggest gold market, was subdued as the peak wedding season cools off, and its central bank is taking more steps to curb gold purchases.

On Monday, the Reserve Bank of India said banks would not be allowed to give loans against units of gold exchange-traded funds and gold mutual funds.

MCX Energies Lifetime High low,52 weeks High Low

MCX Crude Oil

MCX Crude Oil Lifetime  High 6333(15.07.2008)

MCX Crude Oil Lifetime  Low 1626(15.01.2009)

MCX Crude Oil 52 week High 5669(30.09.2018)

MCX Crude Oil 52 week Low  2993(23.12.2018)

MCX Natural Gas

MCX NaturalGas Lifetime High 591.8(2.7.08)

MCX Natural Gas Lifetime Low 99.50(20.04.12)

MCX Natural Gas 52 week High 358.70(11.11.18)

MCX Natural Gas 52 week Low 160.30(06.06.19)

Related Links:

• MCX Copper,Lead,Zinc,Nickel,Aluminium Lifetime high and low

MCX Brent Crude Oil

Crude oil is a mixture of hydrocarbons that exists in a liquid form in natural underground reservoirs.

All industries are directly or indirectly dependent on derivatives from crude oil. Its price movements largely and directly affect prices of lubricants, petrochemicals, fertilizers, paints, transportation costs, etc


The prices of crude are highly volatile. High oil prices lead to inflation which in turn increases input costs,reducing non-oil demand and reduces investment in net oil importing countries.

PRICE MOVING FACTORS

• OPEC output, supply and spare capacities
• Currency fluctuations
• US crude and products inventories data
• Increased demand from developing countries, geopolitics
• Weather conditions
• Speculative buying and selling

MCX Brent Crude Oil

Contract Basis                         : Monthly(All Month Contracts Available)

No of Contracts of a year        :12

Contract Duration                    :3 Months

Price Quotation(Quoted Price)  : 1 BBL

Lot size                                    : 100

Margin Percentage                    :5% of lot value

Margin/Investment Required to
Trade Brent Crude Oil               : Approx.Rs.25,000-40,000(Subject to change as per MCX Exchange)

Tick Size                                  : Rs.1

Tick Value                                : Rs.100 Per Tick

Value for One Point/Price
Variation(Up/Down)                  : Rs.100


Trading period                         : Monday through Saturday

Trading session/Timings             : Monday to Friday: 10.00 a.m. to 11.30 p.m.
                                                    Saturday: 10.00 a.m. to 2.00 p.m.

Brent Crude Oil

General Characteristics

Brent crude oil is a light sweet crude oil from North Sea. It has API (American Petroleum Institute) gravity between 38-39 and has higher sulphur content than the other well-known benchmark, WTI crude oil. Brent crude oil is a global benchmark for other grades and is widely used to determine crude oil prices in Europe and in other parts of the world. Brent is typically refined in Northwest Europe, but a major portion is been exported to the US Gulf and East Coasts, and also to parts of Mediterranean. It is more expensive than the Organization of Petroleum Exporting Countries (OPEC) basket, but lesser than West Texas Intermediate (WTI) because of higher sulphur content than the WTI crude. Global Scenario Oil accounts for 40 per cent of the world's total energy demand. The world consumes about 76 million bbl/day of oil. United States (20 million bbl/d), followed by China (5.6 million bbl/d) and Japan (5.4 million bbl/d) are the top oil consuming countries. Balance recoverable reserve was estimated at about 142.7 billion tones (in 2002), of which OPEC was 112 billion tones. OPEC fact sheet OPEC stands for 'Organization of Petroleum Exporting Countries'. It is an organization of eleven developing countries that are heavily dependent on oil revenues as their main source of income. The current Members are Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. OPEC controls almost 40 percent of the world's crude oil. It accounts for about 75 per cent of the world's proven oil reserves. Its exports represent 55 per cent of the oil traded internationally. Market Influencing Factors OPEC output and supply .  Terrorism, Weather/storms, War and any other unforeseen geopolitical factors that causes supply disruptions.  Global demand particularly from emerging nations. Dollar fluctuations. DOE / API imports and stocks. Refinery fires & funds buying. Exchanges dealing in Crude Futures The New York Mercantile Exchange (NYMEX) .  The International Petroleum Exchange of London (IPE).  The Tokyo Commodity Exchange (TOCOM). Related Links: MCX live Rate Crude Oil Natural Gas OPEC MCX Trading with Pivot Levels For MCX Intraday Calculator MCX Live Charts  MCX Trading Holidays 2013