Crude oil dips on rise in US oil inventories
27/04/2018
Crude oil dips on rise in US oil inventories
27/04/2018 07:46
Crude oil futures closed lower in the domestic market on Thursday on an unexpected weekly rise in U.S. inventories. For now, geopolitical concerns and optimism about global growth underpinning energy demand are trumping supply side concerns, but a resurgence in U.S. oil output remains the single biggest threat to the oil rally. At the MCX, crude oil futures for May 2018 contract closed at Rs 4556 per barrel, down by 0.15 per cent, after opening at Rs 4576, against a previous close of Rs 4563. It touched the intra-day low of Rs 4534.
27/04/2018
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Crude oil dips on rise in US oil inventories
27/04/2018 07:46
Crude oil futures closed lower in the domestic market on Thursday on an unexpected weekly rise in U.S. inventories. For now, geopolitical concerns and optimism about global growth underpinning energy demand are trumping supply side concerns, but a resurgence in U.S. oil output remains the single biggest threat to the oil rally. At the MCX, crude oil futures for May 2018 contract closed at Rs 4556 per barrel, down by 0.15 per cent, after opening at Rs 4576, against a previous close of Rs 4563. It touched the intra-day low of Rs 4534.
