Crude oil rises on tightening supplies
11/09/2018
Crude oil rises on tightening supplies
11/09/2018 07:12
Crude oil futures closed higher in the domestic market on Monday on expectations that renewed sanctions on Iran will tighten the world’s supply of oil. Investors are continuing to play a cautious game with the markets as it continues to be in a volatile. Meanwhile, continued signs of a decline in Iranian crude oil exports ahead of renewed U.S. sanctions taking effect in November continue to underpin the crude market. At the MCX, crude oil futures for September 2018 contract closed at Rs 4915 per barrel, up by 0.66 per cent, after opening at Rs 4922, against a previous close of Rs 4883. It touched an intra-day high of Rs 4970.
11/09/2018
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Crude oil rises on tightening supplies
11/09/2018 07:12
Crude oil futures closed higher in the domestic market on Monday on expectations that renewed sanctions on Iran will tighten the world’s supply of oil. Investors are continuing to play a cautious game with the markets as it continues to be in a volatile. Meanwhile, continued signs of a decline in Iranian crude oil exports ahead of renewed U.S. sanctions taking effect in November continue to underpin the crude market. At the MCX, crude oil futures for September 2018 contract closed at Rs 4915 per barrel, up by 0.66 per cent, after opening at Rs 4922, against a previous close of Rs 4883. It touched an intra-day high of Rs 4970.
