Crude oil prices marginally up on Iran sanction fears
04/05/2018
Crude oil prices marginally up on Iran sanction fears
04/05/2018 11:31
Crude oil futures edged higher in the domestic market on Friday amid escalating geopolitical risks as US may impose new sanctions against Iran. Traders also digested the latest monthly US crude output figure and looked ahead to weekly updates on petroleum supplies. The US Energy Information Administration reported Monday that oil production rose to a record 10.264 million barrels a day in February. At the MCX, crude oil futures for May 2018 contract were trading at Rs 4572 per barrel, up by 0.02 per cent, after opening at Rs 4564, against a previous close of Rs 4571. It touched the intra-day low and high of Rs 4560 and Rs 4577, respectively.
04/05/2018
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Crude oil prices marginally up on Iran sanction fears
04/05/2018 11:31
Crude oil futures edged higher in the domestic market on Friday amid escalating geopolitical risks as US may impose new sanctions against Iran. Traders also digested the latest monthly US crude output figure and looked ahead to weekly updates on petroleum supplies. The US Energy Information Administration reported Monday that oil production rose to a record 10.264 million barrels a day in February. At the MCX, crude oil futures for May 2018 contract were trading at Rs 4572 per barrel, up by 0.02 per cent, after opening at Rs 4564, against a previous close of Rs 4571. It touched the intra-day low and high of Rs 4560 and Rs 4577, respectively.
