Friday, 25 July 2014

Crude oil futures decline on MCX

Crude oil futures decline on MCX
Jul 25,2014   02:06 Hrs IST
Crude oil futures declined on MCX after Market research group Markit said that its preliminary US manufacturing purchasing managers’ index dipped to a seasonally adjusted 56.3 this month from a final reading of 57.3 in June raising doubts over the strength of the economy which reduced the demand prospects for the fuel.
The contract for August delivery was trading Rs 6147.00, down by 0.18% or Rs 11.00 from its previous closing of Rs 6158.00. The open interest of the contract stood at 9759.00 lots.
The contract for September delivery was trading at Rs 6109.00, down by 0.07% or Rs 4.00 from its previous closing of Rs 6113.00. The open interest of the contract stood at 1217.00 lots on MCX.

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