Crude oil rises on odds of output freeze
22/08/2016 09:05
Crude oil futures closed higher in the domestic market on Friday as traders held on to expectations that major oil producers could soon make a move to stabilize the market. Prices also found support from a weekly drawdown in U.S. crude and gasoline stocks. At the MCX, Crude oil futures for August 2016 contract closed at Rs. 3234 per barrel, up by 0.37 per cent, after opening at Rs. 3231, against the previous closing price of Rs. 3222. It touched the intra-day high of Rs. 3261.
22/08/2016 09:05
