Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Crude oil futures decline on MCX

07-Aug2018

Crude oil futures decline on MCX

Crude oil futures declined on MCX, as speculators enlarged their positions, despite reports that the US restored sanctions against the world's fifth-largest oil producer Iran. The crude sanctions will take effect on November 4 this year. Trump also signed an executive order to restrict purchases of dollar banknotes by Iran, preventing the government from trading gold and other precious metals and blocking the nation from selling or acquiring various industrial metals.

The contract for August delivery was trading at Rs 4763.00, down by 0.08% or Rs 4.00 from its previous closing of Rs 4767.00. The open interest of the contract stood at 12896 lots.

The contract for September delivery was trading at Rs 4709.00, down by 0.04% or Rs 2.00 from its previous closing of Rs 4711.00. The open interest of the contract stood at 1265 lots on MCX.


Related News

View all news

Crude oil futures end higher on Tuesday

After falling in previous session, Crude oil futures ended higher on Tuesday in the wake of a short-term disruption in Libyan output. Libya's national oil company has declared force majeure on exports......

Crude palm oil futures trade higher on short covering

Crude palm oil futures traded higher on MCX, with the covering of position at lower available prices. However, cheaper imports and steady demand is capping the up-trend.The contract for December delivery......

Crude oil futures end higher on Tuesday

After falling in previous session, Crude oil futures ended higher on Tuesday in the wake of a short-term disruption in Libyan output. Libya's national oil company has declared force majeure on exports......

Top News

View all news

NBCC receives LoA from Ministry of Skill Development and Entrepreneurship

NBCC (India) has received a Letter of Award (LoA) of work from Ministry of Skill Development and Entrepreneurship, Government of India for construction of office building i.e. Kaushal Bhawan at New Delhi.......

Phoenix Mills transfers its entire stake held in Insight to Island

Phoenix Mills has entered into a Share Purchase Agreement (SPA) with Insight Mall Developers, its wholly-owned subsidiary (Insight) and Island Star Mall Developers, its subsidiary (Island), for sale/disposal......

AGC Networks' arm incorporates subsidiary in New Zealand

AGC Networks' wholly owned subsidiary -- AGC Networks Australia Pty, Australia, has incorporated its subsidiary namely 'AGC Networks New Zealand' which is registered with the Registrar of Companies of......