OPEC released Monthly CRUDE OIL Market Report Update

[capitalstars Equity tips]

CRUDE OIL Market surveys project that US oil stocks could rise by 1.75 MMbbls for the week ending September 11, 2015. The record stockpile from the US to the Middle East will also add to the glut.



Bloomberg surveys estimate that crude oil stocks could rise by 1.75 MMbbls for the week ending September 11, 2015. Distillates stocks are also expected to rise by 0.25 MMbbls for the same period.



In contrast, the gasoline stockpile is estimated to fall by 0.5 MMbbls for the week ending September 11, 2015. The consensus of rising crude oil stocks will add pressure to crude oil prices.The massive fall in gasoline prices will also put pressure on crude oil prices.



OPEC released it Monthly Oil Market Report on September 14, 2015. The report highlighted that crude oil demand growth could slow down in 2016—led by China and Brazil’s economic slowdown. The demand for OPEC crude oil could average around at 30.31 million barrels per day in 2016. OPEC also projects that non-OPEC nations’ crude oil supplies could rise by 160,000 bpd in 2016.



South African economic slowdown will curb the demand for crude oil in the long term in the oversupplied crude oil market.

indian share Tips , Intraday Trading tips

[allianceresearchjaba]

The BSE Sensex and NSE Nifty are likely to open in green on Friday tracking SGX Nifty coupled with the US Federal Reserve decision to leave interest rates unchanged.At 8.11 am, SGX Nifty was trading 35 points, or 0.44 per cent, up at 7,975.50.Hang Seng and Shanghai were trading 0.40 per cent and 0.16 per cent up at 21,942 and 3091, respectively while Nikkei was down 1.30 per cent at 18,192.


Indian Stock Market News

[capitalstars Equity tips]

COPPER: London copper rose in Asia on Tuesday, extending gains from the previous day as the export component of a Chinese factory survey climbed, offering modest price support.

Base metals prices are expected to diverge today. China aims to materialize a fully moderately well-off society by 2020, boosting crude oil prices, but gave little boost to base metals.



CRUDE OIL: Crude prices rose about 4 percent on Tuesday as a rally in U.S. gasoline and diesel added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loadings.

GET MORE TIPS VISIT 

Free Share Market Tips

Share Market Live

Stock Market Tips