Crude oil rises on geopolitical concerns
07/05/2018
Crude oil rises on geopolitical concerns
07/05/2018 07:46
Crude oil futures closed higher in the domestic market on Friday as growing concerns over the economic crisis in Venezuela and possible new sanctions against Iran raised the potential for tighter global crude supplies. Oil prices have been bolstered by growing expectations that U.S. President Donald Trump will abandon the nuclear deal, triggering a reimposition of economic sanctions on Iran that would hinder its oil output and reduce global supply. At the MCX, crude oil futures for May 2018 contract closed at Rs 4668 per barrel, up by 2.12 per cent, after opening at Rs 4564, against a previous close of Rs 4571. It touched the intra-day high of Rs 4678.
07/05/2018
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Crude oil rises on geopolitical concerns
07/05/2018 07:46
Crude oil futures closed higher in the domestic market on Friday as growing concerns over the economic crisis in Venezuela and possible new sanctions against Iran raised the potential for tighter global crude supplies. Oil prices have been bolstered by growing expectations that U.S. President Donald Trump will abandon the nuclear deal, triggering a reimposition of economic sanctions on Iran that would hinder its oil output and reduce global supply. At the MCX, crude oil futures for May 2018 contract closed at Rs 4668 per barrel, up by 2.12 per cent, after opening at Rs 4564, against a previous close of Rs 4571. It touched the intra-day high of Rs 4678.
