Register For Free Commodity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls
Crude oil futures closed lower in the domestic market on Monday as concerns over the potential for a significant climb in U.S. crude output and some strength in the U.S. dollar helped prices erase last week’s gain.
News that the Trump administration is poised to ease some restrictions on energy companies and more data revealing sizable output declines among major producers failed to provide much support for oil prices.
At the MCX, crude oil futures for February 2016 contract closed at Rs 3580 per barrel, down by 0.94 per cent, after opening at Rs 3635, against a previous close of Rs 3614. It touched the intra-day low of Rs 3576.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Crude oil futures closed lower in the domestic market on Monday as concerns over the potential for a significant climb in U.S. crude output and some strength in the U.S. dollar helped prices erase last week’s gain.
News that the Trump administration is poised to ease some restrictions on energy companies and more data revealing sizable output declines among major producers failed to provide much support for oil prices.
At the MCX, crude oil futures for February 2016 contract closed at Rs 3580 per barrel, down by 0.94 per cent, after opening at Rs 3635, against a previous close of Rs 3614. It touched the intra-day low of Rs 3576.
