Crude oil gains prior to US stockpile data
03/02/2015 12:12
Crude oil prices rose by 1.44 per cent on Tuesday at the domestic markets ahead of data on U.S. stockpiles expected to set a tone for the market. The American Petroleum Institute will release its estimates of US crude, distillate and gasoline stocks from last week late on Tuesday. This will be followed by more closely watched US Department of Energy figures on Wednesday. At the MCX, crude oil futures for February 2015 contract were trading at Rs. 3,097 per barrel, up by 1.44 per cent, after opening at Rs. 3,080 against the previous closing price of Rs. 3,053. It touched the intra-day high of Rs. 3,114 till the trading. (At 11.58 AM today).
03/02/2015 12:12
Crude oil prices rose by 1.44 per cent on Tuesday at the domestic markets ahead of data on U.S. stockpiles expected to set a tone for the market. The American Petroleum Institute will release its estimates of US crude, distillate and gasoline stocks from last week late on Tuesday. This will be followed by more closely watched US Department of Energy figures on Wednesday. At the MCX, crude oil futures for February 2015 contract were trading at Rs. 3,097 per barrel, up by 1.44 per cent, after opening at Rs. 3,080 against the previous closing price of Rs. 3,053. It touched the intra-day high of Rs. 3,114 till the trading. (At 11.58 AM today).
