Crude oil dips on mixed EIA report
08/01/2018
Crude oil dips on mixed EIA report
08/01/2018 07:37
Crude oil futures closed lower in the domestic market on Friday as Energy Information Administration report offered a bit of a mixed picture with a stronger than expected draw for U. S crude stocks being countered by unusually strong builds for distillates. Crude supplies fell by 7.4 million barrels for the week ended Dec. 29, while gasoline stockpiles rose by 4.8 million and distillates, which include heating oil, jumped higher by 8.9 million. At the MCX, crude oil futures for January 2017 contract closed at Rs 3887 per barrel, down by 0.87 per cent, after opening at Rs 3922, against a previous close of Rs 3921. It touched the intra-day low of Rs 3866.
08/01/2018
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Crude oil dips on mixed EIA report
08/01/2018 07:37
Crude oil futures closed lower in the domestic market on Friday as Energy Information Administration report offered a bit of a mixed picture with a stronger than expected draw for U. S crude stocks being countered by unusually strong builds for distillates. Crude supplies fell by 7.4 million barrels for the week ended Dec. 29, while gasoline stockpiles rose by 4.8 million and distillates, which include heating oil, jumped higher by 8.9 million. At the MCX, crude oil futures for January 2017 contract closed at Rs 3887 per barrel, down by 0.87 per cent, after opening at Rs 3922, against a previous close of Rs 3921. It touched the intra-day low of Rs 3866.
