Crude oil dips prior to US supply data
21/01/2015 12:10
Crude oil prices fell by 0.85 per cent on Wednesday at the domestic markets as investors remained on the sidelines and refrained from buying activity ahead to data on U.S. supplies.
The American Petroleum Institute will release its estimates of U.S. stockpiles of crude and refined products last week.
The data is a day late because of a public holiday in the U.S. on Monday. At the MCX, crude oil futures for February 2015 contract were trading at Rs. 2,916 per barrel, down by 0.85 per cent, after opening at Rs. 2,924 against the previous closing price of Rs. 2,941. It touched the intra-day low of Rs. 2,912 till the trading. (At 11.56 AM today).
21/01/2015 12:10
Crude oil prices fell by 0.85 per cent on Wednesday at the domestic markets as investors remained on the sidelines and refrained from buying activity ahead to data on U.S. supplies.
The American Petroleum Institute will release its estimates of U.S. stockpiles of crude and refined products last week.
The data is a day late because of a public holiday in the U.S. on Monday. At the MCX, crude oil futures for February 2015 contract were trading at Rs. 2,916 per barrel, down by 0.85 per cent, after opening at Rs. 2,924 against the previous closing price of Rs. 2,941. It touched the intra-day low of Rs. 2,912 till the trading. (At 11.56 AM today).
