Breaking News

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

10-Sep2018

Crude oil futures edge higher on MCX

Crude oil futures edge higher on MCX as participants enlarged their holdings amid a firming trend overseas as US drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November.

The contract for September delivery was trading at Rs 4941.00, up by 1.19% or Rs 58.00 from its previous closing of Rs 4883.00. The open interest of the contract stood at 15600 lots.

The contract for October delivery was trading at Rs 4946.00, up by 1.23% or Rs 60.00 from its previous closing of Rs 4886.00. The open interest of the contract stood at 1883 lots on MCX.

 


Related News

View all news

Crude oil futures trade tad lower on MCX

Crude oil futures traded marginally lower on MCX, as speculators reduced their bets despite firm trend in overseas markets after the Energy Information Administration (EIA) reported the first drawdown......

Mentha oil futures edge higher on improved demand

Mentha oil futures edged higher on MCX as speculators raised their bets, driven by improved demand from consuming industries at the domestic spot market. Further, lower arrivals from the major producing......

Crude palm oil futures trade lower MCX

Crude palm oil futures traded lower on MCX tracking negative trend of palm oil prices in Malaysia. Besides, lower tariff value and higher import figures dragged prices further.The contract for April delivery......

Top News

View all news

Quess Corp, Ashoka Buildcon and ICICI Bank to see some action today

Quess Corp's subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Quess Corp's arm to acquire majority stake in Allsec Technologies

Quess Corp's subsidiary -- Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Ashoka Buildcon's JV receives LoA from Rail Vikas Nigam

Ashoka Buildcon's Joint Venture (JV) -- ABL-STS JV, wherein the Company is lead member, has received a Letter of Award (LoA) from Rail Vikas Nigam (RVNL). The accepted Bid Value of the Project is Rs 443.23......