Crude oil futures close higher after sharp declines 25/10/2018

Crude oil futures close higher after sharp declines  25/10/2018


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Crude oil futures close higher after sharp declines
25/10/2018 09:22
Crude oil futures settled higher in the domestic market on Wednesday as speculators widened their bets even as oil eased overseas. The crude oil futures rebound after sharp selloff in the last two sessions as US gasoline stockpiles reported a bigger than expected decline. At the MCX, crude oil futures for November 2018 contract settled trade at Rs 4944 per barrel, up by 1.17 per cent, after opening at Rs 4889, against a previous close of Rs 4887. It touched an intra-day high and intra-day low of Rs 4978 and Rs 4853, respectively.