Lok Sabha
Elections 2019

#Budget2019 #JetAirways #TailorMadeBiz

Receive Free News and Updates

SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD AUG 05
MCX SILVER JUL 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD AUG 05
MCX SILVER JUL 05
MCX CRUDEOIL JUN 19
MCX NATURALGAS JUN 25
USD/INR
EUR/INR
GBP/INR
JPY/INR

Closing Bell: Sensex, Nifty end marginally higher

Asia stocks capped ahead of Fed, oil on defensive

Oil prices hold steady amid Mideast tensions, weak economic data

Rupee snaps 3-day fall, opens higher at 69.82 a dollar

Commodities

Powered by:

Crude oil prices to trade in range of $50 to $70 per barrel, says Moody's

Updated : February 12, 2019 01:06 PM IST

He expects the volatility may get back on the back of OPEC production cuts and Iran sanctions appealing back in April.

The crude oil prices will start converging as the infrastructure bottlenecks get resolved in the US but it will not be as low as what we have seen in the past

Crude oil prices are likely to stay in the range of $50 to $70 per barrel, with muted volatility, said Vikas Halan, SVP - Corporate Finance Group at Moody's Investors Service. "The volatility has been a little bit muted over the last couple of months but still volatile and that is largely to do with not a lot of drivers coming in."

He expects the volatility may get back on the back of OPEC production cuts and Iran sanctions appealing back in April.

Halan further said, “We think there is a possibility that demand growth might just be underwhelmed given how the weak economic sentiment is and if the trade talks between China and US do not resolve and the tariff goes up then there would be further pressure on the demand side.”

“The crude oil prices will start converging as the infrastructure bottlenecks get resolved in the US but it will not be as low as what we have seen in the past," Halan noted.

"They would still be a difference between Brent and WTI, especially given that the US will continue to have oversupply and you will have a different situation in Asia where there is a significant deficit. So that part I don’t see prices converging to levels of differences of USD 1-2 maybe will stay at USD 5”, he added further.

primo org

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Paris Airshow Day 1: Airbus wins big, Boeing admits mistake in 737 MAX flaw handling

Paris Airshow Day 1: Airbus wins big, Boeing admits mistake in 737 MAX flaw handling

IndiGo drops Pratt & Whitney for CFM's jet engines in $20 billion order for 280 planes

IndiGo drops Pratt & Whitney for CFM's jet engines in $20 billion order for 280 planes

Here are six surefire ways to win your first 1,000 customers

Here are six surefire ways to win your first 1,000 customers

Trending on CNBC-TV18

Live TV

recommended for you