Crude oil rises on political unrest in Saudi Arabia
08/11/2017 07:41
Crude oil rises on political unrest in Saudi Arabia
08/11/2017 07:41
Crude oil futures closed higher in the domestic market on Tuesday as the crude market was rattled by political disruptions over the weekend in Saudi Arabia that saw officials and members of the royal family detained.
Crude added to its recent rise amid news of a wave of arrests of Saudi Arabian princes, businessmen and government ministers in what has been billed as an anticorruption crackdown but is seen by some as a consolidation of power by Crown Prince Mohammad bin Salman. Saudi Arabia is among the world’s top producers of oil and OPEC’s most influential member.
At the MCX, crude oil futures for November 2017 contract closed at Rs 3733 per barrel, up by 1.14 per cent, after opening at Rs 3711, against a previous close of Rs 3691. It touched the intra-day high of Rs 3749.
08/11/2017 07:41
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Crude oil rises on political unrest in Saudi Arabia
08/11/2017 07:41
Crude oil futures closed higher in the domestic market on Tuesday as the crude market was rattled by political disruptions over the weekend in Saudi Arabia that saw officials and members of the royal family detained.
Crude added to its recent rise amid news of a wave of arrests of Saudi Arabian princes, businessmen and government ministers in what has been billed as an anticorruption crackdown but is seen by some as a consolidation of power by Crown Prince Mohammad bin Salman. Saudi Arabia is among the world’s top producers of oil and OPEC’s most influential member.
At the MCX, crude oil futures for November 2017 contract closed at Rs 3733 per barrel, up by 1.14 per cent, after opening at Rs 3711, against a previous close of Rs 3691. It touched the intra-day high of Rs 3749.
