Crude oil up on strong global cues : 25/09/2018
Crude oil up on strong global cues
25/09/2018 06:39
Crude oil futures closed higher in the domestic market on Monday as major oil producers declined to commit to an additional increase in crude output to address expected supply disruptions at a closely watched producer meeting over the weekend. Oil prices have been on the rise, boosted in part by President Donald Trump’s decision to pull out of the Iran nuclear accord and renew sanctions on the country, which are aimed at sharply curtailing the major producer’s exports. At the MCX, crude oil futures for October 2018 contract closed at Rs 5276 per barrel, up by 2.53 per cent, after opening at Rs 5150, against a previous close of Rs 5146. It touched an intra-day high of Rs 5307.
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Crude oil up on strong global cues
25/09/2018 06:39
Crude oil futures closed higher in the domestic market on Monday as major oil producers declined to commit to an additional increase in crude output to address expected supply disruptions at a closely watched producer meeting over the weekend. Oil prices have been on the rise, boosted in part by President Donald Trump’s decision to pull out of the Iran nuclear accord and renew sanctions on the country, which are aimed at sharply curtailing the major producer’s exports. At the MCX, crude oil futures for October 2018 contract closed at Rs 5276 per barrel, up by 2.53 per cent, after opening at Rs 5150, against a previous close of Rs 5146. It touched an intra-day high of Rs 5307.
