Friday, 21 November 2014

Crude oil futures edge higher on MCX

Crude oil futures edged higher on MCX, as investors and speculators booked fresh positions in the energy commodity due to rising bets that the OPEC may reduce production to ease a supply glut, while a pickup in the US economy too lifted the demand outlook for the fuel.
The contract for December delivery was trading Rs 4734.00, up by 1.15% or Rs 54.00 from its previous closing of Rs 4680.00. The open interest of the contract stood at 17009.00 lots.
The contract for January delivery was trading at Rs 4762.00, up by 1.08% or Rs 51.00 from its previous closing of Rs 4711.00. The open interest of the contract stood at 1087.00 lots on MCX.

No comments:

Post a Comment