Crude oil futures up on China factory data
02/06/2014 11:18
Crude oil futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity after a faster pace of expansion in manufacturing activity in China bolstered the demand outlook for the fuel.
The gauge measuring manufacturing in China rose to 50.8 in May from 50.7 in the previous month, with a reading above 50 signaling expansion.
At the MCX, Crude Oil futures, for the June 2014 contract, is trading at Rs 6,125 per barrel, up by 0.31 per cent, after opening at Rs 6,115, against a previous close of Rs 6,106. It touched an intra-day high of Rs 6,127. (At 11:47 AM).
02/06/2014 11:18
Crude oil futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity after a faster pace of expansion in manufacturing activity in China bolstered the demand outlook for the fuel.
The gauge measuring manufacturing in China rose to 50.8 in May from 50.7 in the previous month, with a reading above 50 signaling expansion.
At the MCX, Crude Oil futures, for the June 2014 contract, is trading at Rs 6,125 per barrel, up by 0.31 per cent, after opening at Rs 6,115, against a previous close of Rs 6,106. It touched an intra-day high of Rs 6,127. (At 11:47 AM).
