Crude oil gains after Saudis raise prices to Asia
06/04/2015 12:03
Crude oil prices rose by 3.39 per cent on Monday at the domestic market after Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region. A preliminary nuclear deal was finally reached between world powers and Iran. More Iranian oil could enter global markets if that is followed by a comprehensive deal by June. At the MCX, crude oil futures for April 2015 contract were trading at Rs. 3,140 per barrel, up by 3.39 per cent, after opening at Rs. 3,075 against the previous closing price of Rs. 3,037. It touched the intra-day high of Rs. 3,143 till the trading. (At 11.51 AM today).
06/04/2015 12:03
Crude oil prices rose by 3.39 per cent on Monday at the domestic market after Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region. A preliminary nuclear deal was finally reached between world powers and Iran. More Iranian oil could enter global markets if that is followed by a comprehensive deal by June. At the MCX, crude oil futures for April 2015 contract were trading at Rs. 3,140 per barrel, up by 3.39 per cent, after opening at Rs. 3,075 against the previous closing price of Rs. 3,037. It touched the intra-day high of Rs. 3,143 till the trading. (At 11.51 AM today).
