Crude oil down on rise in US crude supply
24/05/2018
Crude oil down on rise in US crude supply
24/05/2018 07:39
Crude oil futures closed lower in the domestic market on Wednesday pressured by a surprise jump in weekly U.S. crude supplies. Speculation that the Organization of the Petroleum Exporting Countries may decide to boost output to make up for a Venezuelan production shortfall and potential lost supply from Iran also weighed on oil prices. At the MCX, crude oil futures for June 2018 contract closed at Rs 4912 per barrel, down by 0.34 per cent, after opening at Rs 4919, against a previous close of Rs 4929. It touched the intra-day low of Rs 4885.
24/05/2018
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Crude oil down on rise in US crude supply
24/05/2018 07:39
Crude oil futures closed lower in the domestic market on Wednesday pressured by a surprise jump in weekly U.S. crude supplies. Speculation that the Organization of the Petroleum Exporting Countries may decide to boost output to make up for a Venezuelan production shortfall and potential lost supply from Iran also weighed on oil prices. At the MCX, crude oil futures for June 2018 contract closed at Rs 4912 per barrel, down by 0.34 per cent, after opening at Rs 4919, against a previous close of Rs 4929. It touched the intra-day low of Rs 4885.
