Crude oil futures up on robust US demand
23/05/2014 11:15
Crude oil futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity after a report said that petroleum demand in the US, the world’s biggest crude oil consumer surged to the highest level in four years. Total US petroleum deliveries, a gauge of demand rose by 2.3 per cent to an average 19 million barrels per day from the same period a year ago. At the MCX, Crude Oil futures, for the June 2014 contract, is trading at Rs 6,096 per barrel, up by 0.21 per cent, after opening at Rs 6,087, against a previous close of Rs 6,083. It touched an intra-day high of Rs 6,098. (At 10:56 AM).
23/05/2014 11:15
Crude oil futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity after a report said that petroleum demand in the US, the world’s biggest crude oil consumer surged to the highest level in four years. Total US petroleum deliveries, a gauge of demand rose by 2.3 per cent to an average 19 million barrels per day from the same period a year ago. At the MCX, Crude Oil futures, for the June 2014 contract, is trading at Rs 6,096 per barrel, up by 0.21 per cent, after opening at Rs 6,087, against a previous close of Rs 6,083. It touched an intra-day high of Rs 6,098. (At 10:56 AM).
