Crude oil gains on strong global demand outlook
29/10/2014 16:26
Crude oil prices rose by 1.44 per cent on Wednesday at the domestic markets after the Ministry of Economy, Trade and Industry said that industrial production rose to a seasonally adjusted 2.7 per cent, from -1.9 per cent in the preceding month signaling improving industrial activity in the region which raised the demand prospects for the fuel. At the MCX, crude oil futures for November 2014 contract were trading at Rs. 5,057 per barrel, up by 1.44 per cent, after opening at Rs. 4,990 against the previous closing price of Rs. 4,985. It touched the intra-day high of Rs. 5,060 till the trading. (At 4.20 PM today). Sentiment improved further after Organization for Economic Co-operation and Development said that Italian Business Confidence rose to a seasonally adjusted 96.0, from 95.5 in the preceding month signaling improving sentiment in the region which raised the demand prospects for the fuel
29/10/2014 16:26
Crude oil prices rose by 1.44 per cent on Wednesday at the domestic markets after the Ministry of Economy, Trade and Industry said that industrial production rose to a seasonally adjusted 2.7 per cent, from -1.9 per cent in the preceding month signaling improving industrial activity in the region which raised the demand prospects for the fuel. At the MCX, crude oil futures for November 2014 contract were trading at Rs. 5,057 per barrel, up by 1.44 per cent, after opening at Rs. 4,990 against the previous closing price of Rs. 4,985. It touched the intra-day high of Rs. 5,060 till the trading. (At 4.20 PM today). Sentiment improved further after Organization for Economic Co-operation and Development said that Italian Business Confidence rose to a seasonally adjusted 96.0, from 95.5 in the preceding month signaling improving sentiment in the region which raised the demand prospects for the fuel
