Oil Markets saw an intense augmentation on 22 November 2018 along with the mounting US crude stocks. This sudden expansion of the oil markets and the boost in US crude inventories had a great influence over the prices. However, the anticipated supply cut by the developer cartel OPEC provided major support.

WTI (West Texas Intermediate) of the United States crude prospect was no less than $53.71 for each barrel (8 cents higher than the previous resolution) at 0051 GMT.

According to the information revealed by the EIA (Energy Information Administration) in one of the weekly stories, the United State’s Crude oil stocks jumped to 446.91 million barrels from 4.9 million barrels in the very previous week. Not only does this contribute to one of the highest levels of increment in the crude inventories but this raise has never been observed since December 2017.

The creation of the US crude oil made a new record of no less than 11.7 million barrels a day, the Energy Information Administration claimed. As per the statement of the head of trading for Asia-Pacific in Singapore i.e. Stephen Innes, the crude oil inventory records of the United States are constantly showing a considerable amount of augmentation in the supply.

Regardless of the huge worldwide production, oil markets have modest additional abilities to manage the unpredictable supply commotion, said some famous analysts. On the contrary, Stephen Innes stated that after the reduction in the United State’s pipeline blockage (that is anticipated to happen in 2019), all the controversies and thoughts of a tough global spare ability would last no longer.

Concerning the overabundance, the producer of the OPEC (Organization of the Petroleum Exporting Countries) was directed by the Middle East to implement supply cuts until 6 December. However, some major members including but not limited to Iran are refusing to accept any sort of voluntary cut.

Though OPEC and Russia would not mind the sudden production cut, there are some parties which may not agree to the supply cut decision, says the Investment Analyst of Australia’s Rivkin Securities i.e. William O’Loughlin.

While Saudi Arabia gives a major indication of a unilateral cut, the country would need to be a bit cautious provided the fact that the United State’s President Donald Trump can raise his voice against his wish of lowering the oil prices, O’Loughlin said. Donald Trump praised the government of Saudi Arabia and demanded to cut short the oil prices lately.

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The Share Market A Guide to Trading (2)

The Share Market: A Guide to Trading – Gill Broking

It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/
2 Charanpreet GillWhole Time
3 Charanpreet GillCompliance
4Manpriya GillDesignated
5Kewal GillDesignated

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