Cautious start to trade though we still in uptrend 🚀

1) Globe
US markets end off top
Asia in the red
SGXNIFTY -70 pts

2) #CrudeOil spikes
Texas oil wells halted
Middle East Tensions

3) 💰Dollar Index strengthens to 90.5

4) DII selling outweighed FII buying

OIL STOCKS : Peter McGuire of XM Australia tells that #CrudeOil prices can head toward $90/barrel before the year ends.

UAE Energy Minister Suhail al-Mazrouei sees energy demand increasing going ahead (From Agencies)

#CrudeOil #Oil #OPEC #OPECSecretariat

India has agreed to release 5 million barrels of #CrudeOil from its Strategic Petroleum Reserves.

This release will happen in parallel & in consultation with other major global #energy consumers including the USA, China, Japan and Korea.

#CrudeOil prices hold above $65/bbl ahead of the @OPECSecretariat + meet later today. @Manisha3005 tracks the outlook on supply, demand and price swings

As #CrudeOil prices surge amid strong demand, Morgan Stanley sees a triple boost for earnings of oil and gas companies like #ONGC and #OIL

Export Stocks : Indian exporters' woes rise as they face a double whammy of rising #CrudeOil prices & problems like delays in orders, payments due to geopolitical crisis

🇨🇳#China Jan-April imports (y/y):
#IronOre -7.1% to 354 million tons, average price -29.5% to 752 yuan per ton

#Crudeoil -4.8% to 171 million tons, average price +54.3% to 4,323 yuan per ton

#Coal -16.2% to 75.41 million tons, average price +109.1% to 1,005 yuan per ton

Shares of paint companies gain after a sharp decline in #crudeoil prices.