Commodity Energy Outlook - 11.03.2025
Commodity Energy Outlook - 11.03.2025
Commodity Energy Outlook - 11.03.2025
Commodity Energy Outlook - 11.03.2025
* NYMEX crude oil is expected to trade with a negative bias, potentially slipping toward $64.50 due to risk aversion in global markets amid ongoing trade tensions.
* Investors fear that U.S. tariffs and retaliatory measures could spark a global trade war, impacting economic growth and reducing oil demand.
* OPEC+ decision to increase oil output is likely to keep oil prices under pressure.
* If the U.S. eases sanctions on Russia’s energy sector in exchange for ending the Ukraine war, additional supply could enter the market, further weighing on prices.
Key Levels:
* MCX Crude Oil March may face resistance near ₹5,900 and decline toward ₹5,650. A break below ₹5,650 could push prices further to ₹5,550.
* MCX Natural Gas March may slip toward ₹380 if it remains below ₹400. A break below ₹380 could push prices further to ₹375.
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