Crude oil dips on rising global supplies
14/09/2018
Crude oil dips on rising global supplies
14/09/2018 07:26
Crude oil futures closed lower in the domestic market on Thursday as an industry report showed global supplies at a record and Hurricane Florence weakened ahead of its expected landfall on the East Coast. The International Energy Agency said daily crude-oil output in the Organization of the Petroleum Exporting Countries climbed in August by 420,000 barrels a day, to average 32.63 million a day. At the MCX, crude oil futures for September 2018 contract closed at Rs 4906 per barrel, down by 3.52 per cent, after opening at Rs 5072, against a previous close of Rs 5085. It touched an intra-day low of Rs 4903.
14/09/2018
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Crude oil dips on rising global supplies
14/09/2018 07:26
Crude oil futures closed lower in the domestic market on Thursday as an industry report showed global supplies at a record and Hurricane Florence weakened ahead of its expected landfall on the East Coast. The International Energy Agency said daily crude-oil output in the Organization of the Petroleum Exporting Countries climbed in August by 420,000 barrels a day, to average 32.63 million a day. At the MCX, crude oil futures for September 2018 contract closed at Rs 4906 per barrel, down by 3.52 per cent, after opening at Rs 5072, against a previous close of Rs 5085. It touched an intra-day low of Rs 4903.
