Intraday Nifty Future Tips - Oil Prices Steady Ahead Of OPEC Meeting On Supply Cut Extension

Oil prices held steady in early Asian trade on Friday as the market waited to see whether major oil producers would extend supply cuts beyond March at a meeting in Vienna later in the day.

International benchmark Brent crude futures were at $56.40 a barrel at 0046 GMT, down 3 cents, or 0.05 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were up 7 cents, or 0.14 percent, at $50.62 per barrel.

The Organisation of the Petroleum Exporting Countries (OPEC) and other producers are set to meet in Vienna at 0800 GMT on Friday to discuss a possible extension of an oil supply cut deal to prop up prices.

nifty option tips

There will be some focus on whether Nigeria and Libya, who have been exempt from the curbs, will join any future cuts. The two OPEC members have both been invited to the meeting.

OPEC and some non-OPEC producers including Russia first agreed in November last year to cut their output by around 1.8 million barrels per day (bpd) to clear global oversupply and support prices.

Best services products with best technical support which will make your Financial Trading easy let us to know you more click here for the next level >>http://ripplesadvisory.com/nifty-future.php Or in ONE MISSED CALL ON @9644405056

Despite their concerted efforts - the oil cartel extended their supply cuts until the end of March - prices have remained depressed amid increasing U.S. oil production.

Ripples Advisory Private Limited

Ripples Advisory is a SEBI Registered & ISO Certified Share Market Advisory. It is undoubtedly the Best Nifty Tips Provider in India. Ripples Advisory private limited is, without doubt, the only advisory firm which has repute in providing Nifty Market Tips & other share market tips. Ripples Advisory has a team of experienced & skilled research analyst who provide sure shot share market tips which has helped its clients to earn a huge amount of profit from their investments. Get the most accurate Nifty Future Trading Tips, Nifty Market Tips, Nifty Future Tips On Mobile, etc only at Ripples Advisory. To know more about Ripples Advisory & it's services, visit - http://www.ripplesadvisory.com/nifty-future.php or give us a missed call at - 9644405056

No comments:

Post a Comment

Note: only a member of this blog may post a comment.