Crude oil futures rise on Iran oil sanctions : 04/10/2018
Crude oil futures rise on Iran oil sanctions
04/10/2018 08:11
Crude oil futures closed at record high in the domestic market on Wednesday as traders remained wary as deadline for oil buyers to comply with U.S. sanctions on Iran kick in from November 4. Meanwhile, strong dollar, rising U.S. crude supply and reports of higher Saudi Arabian and Russian production, curbed gains. At the MCX, crude oil futures for October 2018 contract closed at Rs 5656 per barrel, up by 2.82 per cent, after opening at Rs 5537, against a previous close of Rs 5501. It touched an intra-day high of Rs 5669.
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Crude oil futures rise on Iran oil sanctions
04/10/2018 08:11
Crude oil futures closed at record high in the domestic market on Wednesday as traders remained wary as deadline for oil buyers to comply with U.S. sanctions on Iran kick in from November 4. Meanwhile, strong dollar, rising U.S. crude supply and reports of higher Saudi Arabian and Russian production, curbed gains. At the MCX, crude oil futures for October 2018 contract closed at Rs 5656 per barrel, up by 2.82 per cent, after opening at Rs 5537, against a previous close of Rs 5501. It touched an intra-day high of Rs 5669.
