Crude oil rises on falling US crude supply 30/08/2018

Crude oil rises on falling US crude supply
30/08/2018


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Crude oil rises on falling US crude supply
30/08/2018 07:17
Crude oil futures closed higher in the domestic market on Wednesday after a U.S. government report showed that domestic crude supplies fell more than expected last week. The Energy Information Administration reported Wednesday that domestic crude supplies declined by 2.6 million barrels for the week ended Aug. 24. At the MCX, crude oil futures for September 2018 contract closed at Rs 4931 per barrel, up by 2.54 per cent, after opening at Rs 4833, against a previous close of Rs 4809. It touched an intra-day high of Rs 4935.