Crude oil rises on rising crude production
08/12/2017
Crude oil rises on rising crude production
08/12/2017 07:42
Crude oil futures closed higher in the domestic market on Thursday as the market’s focus continued to be on rising U.S. crude production. The U.S. Energy Information Administration released weekly data showing a 6.8 million barrel increase in gasoline inventories for the week ended Dec. 1, as well as record U.S. crude production of 9.7 million barrels a day for last week. At the MCX, crude oil futures for December 2017 contract closed at Rs 3659 per barrel, up by 0.60 per cent, after opening at Rs 3625, against a previous close of Rs 3637. It touched the intra-day high of Rs 3660.
08/12/2017
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Crude oil rises on rising crude production
08/12/2017 07:42
Crude oil futures closed higher in the domestic market on Thursday as the market’s focus continued to be on rising U.S. crude production. The U.S. Energy Information Administration released weekly data showing a 6.8 million barrel increase in gasoline inventories for the week ended Dec. 1, as well as record U.S. crude production of 9.7 million barrels a day for last week. At the MCX, crude oil futures for December 2017 contract closed at Rs 3659 per barrel, up by 0.60 per cent, after opening at Rs 3625, against a previous close of Rs 3637. It touched the intra-day high of Rs 3660.
