Crude oil up on decline in US crude supply
29/01/2018
Crude oil up on decline in US crude supply
29/01/2018 07:35
Crude oil futures closed higher in the domestic market on Thursday after the Energy Information Administration reported a tenth weekly decline in row for U.S. crude stockpiles. The EIA reported that U.S. crude supplies fell 1.1 million barrels for the week ended Jan. 19. Analysts had forecast a decrease of 1.6 million barrels, while the American Petroleum Institute reported a rise of 4.8 million barrels. The EIA has reported crude-supply declines each week since the report released the day before Thanksgiving. At the MCX, crude oil futures for February 2018 contract closed at Rs 4188 per barrel, up by 1.26 per cent, after opening at Rs 4158, against a previous close of Rs 4136. It touched the intra-day high of Rs 4229.
29/01/2018
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Crude oil up on decline in US crude supply
29/01/2018 07:35
Crude oil futures closed higher in the domestic market on Thursday after the Energy Information Administration reported a tenth weekly decline in row for U.S. crude stockpiles. The EIA reported that U.S. crude supplies fell 1.1 million barrels for the week ended Jan. 19. Analysts had forecast a decrease of 1.6 million barrels, while the American Petroleum Institute reported a rise of 4.8 million barrels. The EIA has reported crude-supply declines each week since the report released the day before Thanksgiving. At the MCX, crude oil futures for February 2018 contract closed at Rs 4188 per barrel, up by 1.26 per cent, after opening at Rs 4158, against a previous close of Rs 4136. It touched the intra-day high of Rs 4229.
