Crude oil up on decline in US crude inventories
24/08/2018
Crude oil up on decline in US crude inventories
24/08/2018 05:45
Crude oil futures closed higher in the domestic market on Thursday after data showed a sharper-than-expected decline in U.S. crude inventories. The Energy Information Administration reported Wednesday that domestic US crude supplies fell by 5.8 million barrels for the week ended Aug. 17. Prices for crude have been supported by data lately signaling receding supplies, notably in the U.S., which has become among the more significant producers. At the MCX, crude oil futures for September 2018 contract closed at Rs 4767 per barrel, up by 3.25 per cent, after opening at Rs 4633, against a previous close of Rs 4617. It touched an intra-day high of Rs 4773.
24/08/2018
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Crude oil up on decline in US crude inventories
24/08/2018 05:45
Crude oil futures closed higher in the domestic market on Thursday after data showed a sharper-than-expected decline in U.S. crude inventories. The Energy Information Administration reported Wednesday that domestic US crude supplies fell by 5.8 million barrels for the week ended Aug. 17. Prices for crude have been supported by data lately signaling receding supplies, notably in the U.S., which has become among the more significant producers. At the MCX, crude oil futures for September 2018 contract closed at Rs 4767 per barrel, up by 3.25 per cent, after opening at Rs 4633, against a previous close of Rs 4617. It touched an intra-day high of Rs 4773.
