Crude oil rises ahead of US inventory data
20/12/2017
20/12/2017 07:43
Crude oil futures closed higher in the domestic market on Tuesday as the market remained broadly rangebound ahead of U.S. inventory data and the expiration of the January West Texas Intermediate contract. The continued outage of a North Sea pipeline also helped keep a floor under crude futures. Prices may remain rangebound going into the holiday season unless U.S. inventory data from the American Petroleum Institute or the Energy Information Administration surprise the market. At the MCX, crude oil futures for January 2017 contract closed at Rs 3695 per barrel, up by 0.82 per cent, after opening at Rs 3686, against a previous close of Rs 3665. It touched the intra-day high of Rs 3702.
20/12/2017
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Crude oil rises ahead of US inventory data20/12/2017 07:43
Crude oil futures closed higher in the domestic market on Tuesday as the market remained broadly rangebound ahead of U.S. inventory data and the expiration of the January West Texas Intermediate contract. The continued outage of a North Sea pipeline also helped keep a floor under crude futures. Prices may remain rangebound going into the holiday season unless U.S. inventory data from the American Petroleum Institute or the Energy Information Administration surprise the market. At the MCX, crude oil futures for January 2017 contract closed at Rs 3695 per barrel, up by 0.82 per cent, after opening at Rs 3686, against a previous close of Rs 3665. It touched the intra-day high of Rs 3702.
