Crude oil dips on geopolitical worries
09/05/2018
Crude oil dips on geopolitical worries
09/05/2018 07:46
Crude oil futures closed lower in the domestic market on Tuesday despite President Donald Trump’s announcement that he will impose powerful sanctions on Iran as the U.S. withdraws from the Iran nuclear deal. The deal between Iran and a group of world powers had lifted most U.S. and international sanctions on Tehran in return for its agreement to curb its nuclear activities. Some analysts have said the reinstatement of sanctions could lead to tighter global oil supplies as they make it more difficult for Iran to export oil. At the MCX, crude oil futures for May 2018 contract closed at Rs 4624 per barrel, down by 2.63 per cent, after opening at Rs 4732, against a previous close of Rs 4749. It touched the intra-day low of Rs 4560.
09/05/2018
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Crude oil dips on geopolitical worries
09/05/2018 07:46
Crude oil futures closed lower in the domestic market on Tuesday despite President Donald Trump’s announcement that he will impose powerful sanctions on Iran as the U.S. withdraws from the Iran nuclear deal. The deal between Iran and a group of world powers had lifted most U.S. and international sanctions on Tehran in return for its agreement to curb its nuclear activities. Some analysts have said the reinstatement of sanctions could lead to tighter global oil supplies as they make it more difficult for Iran to export oil. At the MCX, crude oil futures for May 2018 contract closed at Rs 4624 per barrel, down by 2.63 per cent, after opening at Rs 4732, against a previous close of Rs 4749. It touched the intra-day low of Rs 4560.
