Crude oil futures continue northward journey
16/06/2014 11:35
Crude oil futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as an escalation of tensions in Iraq where the army is struggling to hold off insurgency from Islamist militants threatened to disrupt crude shipments from the world’s second biggest OPEC producer.
Iraq’s military bombed the positions of militants who have captured the northern territory of Iraq.
At the MCX, Crude Oil futures, for the June 2014 contract, is trading at Rs 6,453 per barrel, up by 0.84 per cent, after opening at Rs 6,420, against a previous close of Rs 6,399. It touched an intra-day high of Rs 6,456 (At 11:10 AM).
16/06/2014 11:35
Crude oil futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as an escalation of tensions in Iraq where the army is struggling to hold off insurgency from Islamist militants threatened to disrupt crude shipments from the world’s second biggest OPEC producer.
Iraq’s military bombed the positions of militants who have captured the northern territory of Iraq.
At the MCX, Crude Oil futures, for the June 2014 contract, is trading at Rs 6,453 per barrel, up by 0.84 per cent, after opening at Rs 6,420, against a previous close of Rs 6,399. It touched an intra-day high of Rs 6,456 (At 11:10 AM).
