Crude oil down on rising US crude production
04/06/2018
Crude oil down on rising US crude production
04/06/2018 07:36
Crude oil futures closed lower in the domestic market on Friday on the back of rising U.S. production and the possibility that OPEC and its allies may decide to boost output.
Traders also awaited a reported meeting of energy ministers that comes ahead of the Organization of the Petroleum Exporting Countries’ summit on June 22.
At the MCX, crude oil futures for June 2018 contract closed at Rs 4419 per barrel, down by 2.17 per cent, after opening at Rs 4507, against a previous close of Rs 4517. It touched the intra-day low of Rs 4417.
04/06/2018
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Crude oil down on rising US crude production
04/06/2018 07:36
Crude oil futures closed lower in the domestic market on Friday on the back of rising U.S. production and the possibility that OPEC and its allies may decide to boost output.
Traders also awaited a reported meeting of energy ministers that comes ahead of the Organization of the Petroleum Exporting Countries’ summit on June 22.
At the MCX, crude oil futures for June 2018 contract closed at Rs 4419 per barrel, down by 2.17 per cent, after opening at Rs 4507, against a previous close of Rs 4517. It touched the intra-day low of Rs 4417.
