OIL MARKET UPDATE


Oil prices fell on Monday as rising production in the Middle East outweighed a decline in US output and a recent slide in the dollar, which has been supporting crude.

Brent was trading at $46.77 per barrel at 0440 GMT, down 60 cents, or 1.3 percent, from its last settlement. U.S. crude was down 48 cents, or just over one percent, at $45.44 a barrel.We are provide mcx market tips and two day free trail to content this no 9827808090 and miss call.

 

Crudeoil on MCX settled down -0.95% at 3035 after a survey showed that OPEC production in April reached near-record highs, reiterating concerns related to the massive supply glut on global energy markets. A survey found that OPEC increased production by 170,000 barrels per day from 32.47 million to 32.64 million bpd, according to shipping data and oil company sources.

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