Crude oil rises on geopolitical concerns
26/04/2018
Crude oil rises on geopolitical concerns
26/04/2018 07:44
Crude oil futures closed higher in the domestic market on Wednesday with concerns surrounding Iran and the risks to global crude supplies helping to erase earlier losses fed by 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 4554 per barrel, up by 0.53 per cent, after opening at Rs 4524, against a previous close of Rs 4530. It touched the intra-day high of Rs 4575.
26/04/2018
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Crude oil rises on geopolitical concerns
26/04/2018 07:44
Crude oil futures closed higher in the domestic market on Wednesday with concerns surrounding Iran and the risks to global crude supplies helping to erase earlier losses fed by 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 4554 per barrel, up by 0.53 per cent, after opening at Rs 4524, against a previous close of Rs 4530. It touched the intra-day high of Rs 4575.
