Crude oil rises on expected supply disruption in Iran
12/06/2018
Crude oil rises on expected supply disruption in Iran
12/06/2018 07:41
Crude oil futures closed higher in the domestic market on Monday getting a lift from expected supply disruptions in Iran and Venezuela, even after a report of rising crude output from Saudi Arabia ahead of a much-anticipated producer meeting later this month. OPEC and 10 producers outside the cartel, including Russia, have been holding back output by around 1.8 million barrels a day since the start of last year. The coordinated supply cuts have helped to boost crude prices by more than 40 per cent. At the MCX, crude oil futures for June 2018 contract closed at Rs 4469 per barrel, up by 0.54 per cent, after opening at Rs 4425, against a previous close of Rs 4445. It touched the intra-day high of Rs 4478.
12/06/2018
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Crude oil rises on expected supply disruption in Iran
12/06/2018 07:41
Crude oil futures closed higher in the domestic market on Monday getting a lift from expected supply disruptions in Iran and Venezuela, even after a report of rising crude output from Saudi Arabia ahead of a much-anticipated producer meeting later this month. OPEC and 10 producers outside the cartel, including Russia, have been holding back output by around 1.8 million barrels a day since the start of last year. The coordinated supply cuts have helped to boost crude prices by more than 40 per cent. At the MCX, crude oil futures for June 2018 contract closed at Rs 4469 per barrel, up by 0.54 per cent, after opening at Rs 4425, against a previous close of Rs 4445. It touched the intra-day high of Rs 4478.
