Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Rates Sink As Issues Over Worldwide Financial Rescue Loom


Crude Rates Sink As Issues Over Worldwide Financial Rescue Loom

Crude rates wrecked on the preliminary day of the new week as traders looked to situation squaring after United states President; Obama opined that failing to improve the United states debts ceiling can create risk to its economic rescue. The petroleum rates also lowered on concerns that Greece`s economic debt difficulties may degrade, terrifying Europe`s financial growing. The devaluation in euro, that click a 6 week low-level in opposition to the United states greenback, too hammered the raw rates.

Standard crude for June shipping stepped $1.24 to $98.41 a barrel on NYME . Inside London, Brent raw for June dropped $0.58 to $113.25.

Related News

View all news

Copper futures end lower on Friday

Copper futures ended lower on Friday as the dollar recovered against a basket of major currencies and US tariffs that could provoke a trade war, weighed on the markets. A strong US currency makes dollar-priced......

Gold futures end lower on Friday

Gold futures ended lower on Friday, pressured by strong dollar and expectations that US Federal Reserve will hike interest rates in the meeting next week for the first time this year. The rate hike generally......

Physical Rubber prices witness some weakness on Friday

Physical Rubber prices showed some weakness on Friday. Spot prices for RSS-4 variety remained unchanged at Rs 125.50/ kg; while the RSS-5 variety fell to Rs 122/ kg compared to its previous closing of......

Top News

View all news

Sadbhav Infrastructure emerges lowest bidder for Vadodara Kim Expressway Project

Sadbhav Infrastructure has been declared L-1 (Lowest) bidder by the National Highways Authority of India (NHAI) for new Hybrid Annuity Project in the State of Gujarat.The Project is for the construction......

Tribhovandas Bhimji Zaveri opens 37th store in Pune

Tribhovandas Bhimji Zaveri has opened its 37th store at Unit No. UG-71, Phoenix Market City Mall, Viman Nagar, Pune, in state of Maharashtra on March 17, 2018.Tribhovandas Bhimji Zaveri, a well-known jewellery......

DHFL planning to raise funds through NCDs

Dewan Housing Finance Corporation (DHFL) is planning to raise funds through Non-Convertible Debentures (NCDs). The company has proposed to issue Secured Redeemable NCDs amounting to Rs 300 crore and a......