Crude oil rises on impact of US sanctions on Iran : 04/09/2018
Crude oil rises on impact of US sanctions on Iran
04/09/2018 07:20
Crude oil futures closed higher in the domestic market on Monday as bullish sentiment over the last few weeks due to the anticipated impact of US sanctions on Iran and trade developments with China continued to steer the market. Iran's crude exports have already started falling sharply as buyers source alternative supplies and halt loadings to allow time to complete deliveries before the sanctions take effect. At the MCX, crude oil futures for September 2018 contract closed at Rs 5011 per barrel, up by 1.05 per cent, after opening at Rs 4941, against a previous close of Rs 4959. It touched an intra-day high of Rs 5018.
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Crude oil rises on impact of US sanctions on Iran
04/09/2018 07:20
Crude oil futures closed higher in the domestic market on Monday as bullish sentiment over the last few weeks due to the anticipated impact of US sanctions on Iran and trade developments with China continued to steer the market. Iran's crude exports have already started falling sharply as buyers source alternative supplies and halt loadings to allow time to complete deliveries before the sanctions take effect. At the MCX, crude oil futures for September 2018 contract closed at Rs 5011 per barrel, up by 1.05 per cent, after opening at Rs 4941, against a previous close of Rs 4959. It touched an intra-day high of Rs 5018.
