Crude Oil Outlook July 25: WTI prices may test support at $75; MCX Rs 6,250

Q: How long will it take to read this news story?

The story "Crude Oil Outlook July 25: WTI prices may test support at $75; MCX Rs 6,250" has 615 words across 23 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Crude Oil Outlook July 25: WTI prices may test support at $75; MCX Rs 6,250" was covered 1 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 246 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21769358</li><li>URL: https://beamstart.com/news/crude-oil-outlook-july-25-17218878453550</li></ul>

Business Standard Logo Business Standard 1d ago

Crude Oil Outlook July 25: WTI prices may test support at $75; MCX Rs 6,250 - Business Standard

Quick Summary:

Oil prices could fall back to early June level of $72.50 as demand side fundamental are looking weak due to abysmal economic performance of China, says technical analyst Mohammed Imran.

The real estate sector which accounts for 25-30 per cent of China's GDP remain in dark, which may led to sub-par growth of under 5 per cent during the current year.

The personal consumption expenditures (PCE) price index is expected to have eased from 2.6 per cent in May y/y to 2.4 per cent to June, which would make it the lowest since February 2021.