Crude oil up on supply disruption worries : 19/09/2018
Crude oil up on supply disruption worries
19/09/2018 07:24
Crude oil futures closed higher in the domestic market on Tuesday as risks to global crude supplies escalated ahead of data that are expected to reveal a fifth-straight weekly decline in U.S. inventories. Recent remarks from Saudi Arabian officials reportedly expressed a renewed level of comfort with higher prices in light of renewed U.S. sanctions on Iran that could disrupt global output. At the MCX, crude oil futures for September 2018 contract closed at Rs 5055 per barrel, up by 1.20 per cent, after opening at Rs 4983, against a previous close of Rs 4955. It touched an intra-day high of Rs 5118.
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Crude oil up on supply disruption worries
19/09/2018 07:24
Crude oil futures closed higher in the domestic market on Tuesday as risks to global crude supplies escalated ahead of data that are expected to reveal a fifth-straight weekly decline in U.S. inventories. Recent remarks from Saudi Arabian officials reportedly expressed a renewed level of comfort with higher prices in light of renewed U.S. sanctions on Iran that could disrupt global output. At the MCX, crude oil futures for September 2018 contract closed at Rs 5055 per barrel, up by 1.20 per cent, after opening at Rs 4983, against a previous close of Rs 4955. It touched an intra-day high of Rs 5118.
