Upbeat US demand outlook lift Crude oil futures
04/06/2014 12:00
Crude oil prices rose by 0.46 per cent on Wednesday at the domestic markets after US crude oil stockpiles fell last week, signaling improving demand for the fuel in the world’s biggest crude oil consumer. US crude oil stockpiles fell by 1.4 million barrels last week, the API said. At the MCX, crude oil futures for June 2014 contract were trading at Rs. 6,121 per barrel, up by 0.46 per cent, after opening at Rs. 6,105 against the previous closing price of Rs. 6,093. It touched the intra-day high of Rs. 6,131 till the trading. (At 11.55 AM today). Sentiment improved further after the IBD/TIPP Economic Optimism rose to 47.7 in June from 45.8 in the previous month, bolstering the demand outlook for the fuel
04/06/2014 12:00
Crude oil prices rose by 0.46 per cent on Wednesday at the domestic markets after US crude oil stockpiles fell last week, signaling improving demand for the fuel in the world’s biggest crude oil consumer. US crude oil stockpiles fell by 1.4 million barrels last week, the API said. At the MCX, crude oil futures for June 2014 contract were trading at Rs. 6,121 per barrel, up by 0.46 per cent, after opening at Rs. 6,105 against the previous closing price of Rs. 6,093. It touched the intra-day high of Rs. 6,131 till the trading. (At 11.55 AM today). Sentiment improved further after the IBD/TIPP Economic Optimism rose to 47.7 in June from 45.8 in the previous month, bolstering the demand outlook for the fuel
