Crude oil up on political disruption in Saudi Arabia
07/11/2017 07:43
Crude oil up on political disruption in Saudi Arabia
07/11/2017 07:43
Crude oil futures closed higher in the domestic market on Monday as the crude market was rattled by political disruptions over the weekend in Saudi Arabia that saw officials and members of the royal family detained. Crude added to its recent rise amid news of a wave of arrests of Saudi Arabian princes, businessmen and government ministers in what has been billed as an anticorruption crackdown but is seen by some as a consolidation of power by Crown Prince Mohammad bin Salman. Saudi Arabia is among the world’s top producers of oil and OPEC’s most influential member. At the MCX, crude oil futures for November 2017 contract closed at Rs 3693 per barrel, up by 3.19 per cent, after opening at Rs 3600, against a previous close of Rs 3579. It touched the intra-day high of Rs 3705.
07/11/2017 07:43
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Crude oil up on political disruption in Saudi Arabia
07/11/2017 07:43
Crude oil futures closed higher in the domestic market on Monday as the crude market was rattled by political disruptions over the weekend in Saudi Arabia that saw officials and members of the royal family detained. Crude added to its recent rise amid news of a wave of arrests of Saudi Arabian princes, businessmen and government ministers in what has been billed as an anticorruption crackdown but is seen by some as a consolidation of power by Crown Prince Mohammad bin Salman. Saudi Arabia is among the world’s top producers of oil and OPEC’s most influential member. At the MCX, crude oil futures for November 2017 contract closed at Rs 3693 per barrel, up by 3.19 per cent, after opening at Rs 3600, against a previous close of Rs 3579. It touched the intra-day high of Rs 3705.
