Crude oil rises on uncertainty over Libyan crude exports
27/06/2018
Crude oil rises on uncertainty over Libyan crude exports
27/06/2018 07:28
Crude oil futures closed higher in the domestic market on Tuesday buoyed by news that the U.S. is pushing for countries to cut Iran oil imports to zero by November, and uncertainty over Libyan crude exports. Doubts over OPEC’s ability to boost production quickly enough to prevent a shortfall in global supplies also contributed to oil’s rise. Adding to worries about tightening global supplies, the U.S. expects all countries to cut all oil imports from Iran by Nov. 4 or risk sanctions At the MCX, crude oil futures for July 2018 contract closed at Rs 4814 per barrel, up by 3.35 per cent, after opening at Rs 4667, against a previous close of Rs 4658. It touched an intra-day high of Rs 4837.
27/06/2018
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Crude oil rises on uncertainty over Libyan crude exports
27/06/2018 07:28
Crude oil futures closed higher in the domestic market on Tuesday buoyed by news that the U.S. is pushing for countries to cut Iran oil imports to zero by November, and uncertainty over Libyan crude exports. Doubts over OPEC’s ability to boost production quickly enough to prevent a shortfall in global supplies also contributed to oil’s rise. Adding to worries about tightening global supplies, the U.S. expects all countries to cut all oil imports from Iran by Nov. 4 or risk sanctions At the MCX, crude oil futures for July 2018 contract closed at Rs 4814 per barrel, up by 3.35 per cent, after opening at Rs 4667, against a previous close of Rs 4658. It touched an intra-day high of Rs 4837.
