Crude oil futures flat on easing Iraq fears
27/06/2014 10:37
Crude oil futures were trading on a flat note in the domestic market on Friday amid speculation that the unrest in Iraq may not disrupt crude shipments from OPEC’s second biggest crude producer. Iraqi military regained control of the country’s biggest oil refinery, the Baiji refinery from Sunni militants while Iraq’s oil-rich southern part has been spared from the violence. Investors are eying the US consumer sentiment data to be released today. At the MCX, Crude Oil futures, for the July 2014 contract, is trading at Rs 6,388 per barrel, up by 0.05 per cent, after opening at Rs 6,385, against a previous close of Rs 6,385. It touched an intra-day high of Rs 6,392. (At 10:16 AM).
27/06/2014 10:37
Crude oil futures were trading on a flat note in the domestic market on Friday amid speculation that the unrest in Iraq may not disrupt crude shipments from OPEC’s second biggest crude producer. Iraqi military regained control of the country’s biggest oil refinery, the Baiji refinery from Sunni militants while Iraq’s oil-rich southern part has been spared from the violence. Investors are eying the US consumer sentiment data to be released today. At the MCX, Crude Oil futures, for the July 2014 contract, is trading at Rs 6,388 per barrel, up by 0.05 per cent, after opening at Rs 6,385, against a previous close of Rs 6,385. It touched an intra-day high of Rs 6,392. (At 10:16 AM).
