Crude oil up on decline in US crude supplies : 31/08/2018
Crude oil up on decline in US crude supplies
31/08/2018 06:20
Crude oil futures closed higher in the domestic market on Thursday buoyed by two consecutive weekly declines in U.S. crude supplies and ongoing concerns over tighter global inventories tied to U.S. sanctions on Iran. Indeed, potential disruptions to global crude supplies, including U.S. sanctions on Iran that take effect in early November, have been at the center of the recent rally in oil prices. At the MCX, crude oil futures for September 2018 contract closed at Rs 5005 per barrel, up by 1.60 per cent, after opening at Rs 4938, against a previous close of Rs 4926. It touched an intra-day high of Rs 5013.
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Crude oil up on decline in US crude supplies
31/08/2018 06:20
Crude oil futures closed higher in the domestic market on Thursday buoyed by two consecutive weekly declines in U.S. crude supplies and ongoing concerns over tighter global inventories tied to U.S. sanctions on Iran. Indeed, potential disruptions to global crude supplies, including U.S. sanctions on Iran that take effect in early November, have been at the center of the recent rally in oil prices. At the MCX, crude oil futures for September 2018 contract closed at Rs 5005 per barrel, up by 1.60 per cent, after opening at Rs 4938, against a previous close of Rs 4926. It touched an intra-day high of Rs 5013.
