Crude oil dips amid uncertainty in OPEC agreement
26/06/2018
Crude oil dips amid uncertainty in OPEC agreement
26/06/2018 05:47
Crude oil futures closed lower in the domestic market on Monday amid some uncertainty in the wake of an agreement by the Organization of the Petroleum Exporting Countries to ramp up production that was backed by nonmember Russia. The OPEC meeting ended with the existing deal being left unchanged but the group aiming to reduce over-compliance and to get output back to the originally-intended levels. At the MCX, crude oil futures for July 2018 contract closed at Rs 4657 per barrel, down by 0.32 per cent, after opening at Rs 4656, against a previous close of Rs 4672. It touched an intra-day low of Rs 4636.
26/06/2018
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Crude oil dips amid uncertainty in OPEC agreement
26/06/2018 05:47
Crude oil futures closed lower in the domestic market on Monday amid some uncertainty in the wake of an agreement by the Organization of the Petroleum Exporting Countries to ramp up production that was backed by nonmember Russia. The OPEC meeting ended with the existing deal being left unchanged but the group aiming to reduce over-compliance and to get output back to the originally-intended levels. At the MCX, crude oil futures for July 2018 contract closed at Rs 4657 per barrel, down by 0.32 per cent, after opening at Rs 4656, against a previous close of Rs 4672. It touched an intra-day low of Rs 4636.
