Crude oil rises as US crude stockpiles decline
16/01/2018
Crude oil rises as US crude stockpiles decline
16/01/2018 07:41
Crude oil futures closed higher in the domestic market on Monday as a spate of weekly declines in U.S. crude stockpiles helped prices log a fifth consecutive session of gains. News that the Trump administration extended sanctions relief for Iran, as expected, and data showing the first weekly rise in active U.S. oil-drilling rigs failed to squash bullish sentiment. At the MCX, crude oil futures for January 2018 contract closed at Rs 4110 per barrel, up by 1.11 per cent, after opening at Rs 4088, against a previous close of Rs 4065. It touched the intra-day high of Rs 4122.
16/01/2018
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Crude oil rises as US crude stockpiles decline
16/01/2018 07:41
Crude oil futures closed higher in the domestic market on Monday as a spate of weekly declines in U.S. crude stockpiles helped prices log a fifth consecutive session of gains. News that the Trump administration extended sanctions relief for Iran, as expected, and data showing the first weekly rise in active U.S. oil-drilling rigs failed to squash bullish sentiment. At the MCX, crude oil futures for January 2018 contract closed at Rs 4110 per barrel, up by 1.11 per cent, after opening at Rs 4088, against a previous close of Rs 4065. It touched the intra-day high of Rs 4122.
