Crude oil futures dip amid easing Ukraine fears
26/05/2014 11:22
Crude oil futures fell in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market after Ukraine elected a president over the weekend, easing fears over tensions between the country and Russia, the world’s biggest energy exporter, tempering fears over shortage of global crude supplies.
Billionaire Petro Poroshenko as was elected as Ukraine’s next president as he looks to stem the unrest in the country.
At the MCX, Crude Oil futures, for the June 2014 contract, is trading at Rs 6,107 per barrel, down by 0.21 per cent, after opening at Rs 6,117, against a previous close of Rs 6,120 It touched an intra-day low of Rs 6,090. (At 11:13 AM).
26/05/2014 11:22
Crude oil futures fell in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market after Ukraine elected a president over the weekend, easing fears over tensions between the country and Russia, the world’s biggest energy exporter, tempering fears over shortage of global crude supplies.
Billionaire Petro Poroshenko as was elected as Ukraine’s next president as he looks to stem the unrest in the country.
At the MCX, Crude Oil futures, for the June 2014 contract, is trading at Rs 6,107 per barrel, down by 0.21 per cent, after opening at Rs 6,117, against a previous close of Rs 6,120 It touched an intra-day low of Rs 6,090. (At 11:13 AM).
