Crude oil rises on Iran instability
08/06/2018
Crude oil rises on Iran instability
08/06/2018 07:44
Crude oil futures closed higher in the domestic market on Thursday as traders fretted over a looming supply outage in Iran and falling output in Venezuela. The looming supply outages in Iran and the increasing outages in Venezuela explain why oil prices recovered quickly again. Several European oil companies have announced plans to withdraw from their businesses in Iran due to the risk of U.S. sanctions At the MCX, crude oil futures for June 2018 contract closed at Rs 4440 per barrel, up by 2.26 per cent, after opening at Rs 4360, against a previous close of Rs 4342. It touched the intra-day high of Rs 4453.
08/06/2018
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Crude oil rises on Iran instability
08/06/2018 07:44
Crude oil futures closed higher in the domestic market on Thursday as traders fretted over a looming supply outage in Iran and falling output in Venezuela. The looming supply outages in Iran and the increasing outages in Venezuela explain why oil prices recovered quickly again. Several European oil companies have announced plans to withdraw from their businesses in Iran due to the risk of U.S. sanctions At the MCX, crude oil futures for June 2018 contract closed at Rs 4440 per barrel, up by 2.26 per cent, after opening at Rs 4360, against a previous close of Rs 4342. It touched the intra-day high of Rs 4453.
