Crude oil is a complex mixture of various hydrocarbons found in the upper layers of the earth’s crust. Crude oil is often attributed as the “Mother of all Commodities” because of its importance in the manufacturing of a wide variety of materials. Crude oil accounts for 35% of the world’s primary energy consumption. Crude oil is used to produce fuel for cars, trucks, airplanes, boats and trains. It is also used for a wide variety of other products including asphalt for roads, lubricants for all kinds of machines; plastics for toys, bottles, food wraps, among others.
OPEC output, supply and spare capacities, Increased demand from emerging and developing countries; geopolitics, US crude and products inventories data, Currency fluctuations, Weather conditions, Speculative buying and selling & Changes in the refining sector, for example, a drop in the refinery utilization rate. Below are Free Mcx Crude Oil Tips
Posted On: 01/10/2014 at 5:58 PM Comment : 0 Tips ID - 4c3
MCX CRUDE OIL TIPS For Intraday trading in Commodity market here we have Today MCX Crude Oil tips for intraday trading. Sell Crude Oil at 5665 – 5675 with SL Above 5712 with Target of 5638 – 5608 and CMP 5667