Crude oil rises on upbeat US demand outlook
09/07/2014 11:42
Crude oil prices rose by 0.16 per cent on Wednesday at the domestic markets after the number of job openings in the U.S. rose more than expected in May, fuelling optimism over the strength of the labor market which limited the decline in the commodity. The U.S. Labor Department said that the number of job openings, excluding the farming industry, rose to 4.64 million in May from 4.46 million in April. At the MCX, crude oil futures for July 2014 contract were trading at Rs. 6,199 per barrel, up by 0.16 per cent, after opening at Rs. 6,199 against the previous closing price of Rs. 6,189. It touched the intra-day high of Rs. 6,212 till the trading. (At 11.40 AM today).
09/07/2014 11:42
Crude oil prices rose by 0.16 per cent on Wednesday at the domestic markets after the number of job openings in the U.S. rose more than expected in May, fuelling optimism over the strength of the labor market which limited the decline in the commodity. The U.S. Labor Department said that the number of job openings, excluding the farming industry, rose to 4.64 million in May from 4.46 million in April. At the MCX, crude oil futures for July 2014 contract were trading at Rs. 6,199 per barrel, up by 0.16 per cent, after opening at Rs. 6,199 against the previous closing price of Rs. 6,189. It touched the intra-day high of Rs. 6,212 till the trading. (At 11.40 AM today).
