Crude oil futures end tad higher on US supply
data
21/05/2014 09:22
Crude oil futures ended tad higher in the domestic market on Tuesday as a dip in US crude oil stockpiles last week signaled improving demand for the fuel in the world’s biggest crude oil consumer. US crude oil stockpiles fell 10.3 million barrels last week, the American Petroleum Institute said. However, easing fears over Ukraine tempered concerns over global crude oil supplies, curbing gains in the fuel. Russia, the world’s biggest energy exporter, said that its troops are pulling back from the Ukrainian border ahead of a Presidential vote in Ukraine this weekend. Crude oil futures may trade on a subdued note today as investors cautiously await the weekly US crude oil supplies data by the EIA. At the MCX, Crude Oil futures, for the June 2014 contract closed at Rs 6,015 per barrel, up by 0.08 per cent, after opening at Rs 6,015, against a previous close of Rs 6,010. It touched an intra-day high of Rs 6,045.
21/05/2014 09:22
Crude oil futures ended tad higher in the domestic market on Tuesday as a dip in US crude oil stockpiles last week signaled improving demand for the fuel in the world’s biggest crude oil consumer. US crude oil stockpiles fell 10.3 million barrels last week, the American Petroleum Institute said. However, easing fears over Ukraine tempered concerns over global crude oil supplies, curbing gains in the fuel. Russia, the world’s biggest energy exporter, said that its troops are pulling back from the Ukrainian border ahead of a Presidential vote in Ukraine this weekend. Crude oil futures may trade on a subdued note today as investors cautiously await the weekly US crude oil supplies data by the EIA. At the MCX, Crude Oil futures, for the June 2014 contract closed at Rs 6,015 per barrel, up by 0.08 per cent, after opening at Rs 6,015, against a previous close of Rs 6,010. It touched an intra-day high of Rs 6,045.
