Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Crude oil futures end marginally higher on Tuesday

05-Sep2018

Crude oil futures end marginally higher on Tuesday

Crude oil futures ended few cents higher on Tuesday with the benchmark prices holding below $70, as a storm in the Gulf of Mexico looked set to miss the bulk of the region's energy production platforms. The US Bureau of Safety and Environmental Enforcement reported that 54 production platforms, which represent nearly 7.9% of all manned platforms in the Gulf of Mexico, have been evacuated because of the storm. About 9.2% of oil production in the Gulf has been shut in.

Benchmark crude oil futures for October gained 7 cents or 0.1 percent to settle at $69.87 a barrel on the New York Mercantile Exchange. November Brent crude added 2 cents to settle at $78.17 a barrel on London's Intercontinental Exchange.


Related News

View all news

Crude oil futures settle at two-month high on Wednesday

Extending gains for second straight session, crude oil futures ended higher to settle at a two-month high on Wednesday as government data showed that a fifth-straight weekly decline in US crude inventories.......

Crude oil futures end higher ahead of inventory data

Crude oil futures ended higher on Tuesday as risks to global crude supplies escalated ahead of data that are expected to reveal a fifth-straight weekly decline in US inventories. Saudi Arabia's remarks......

Crude oil futures trade tad lower on trade war concerns

Crude oil futures traded marginally lower on MCX, as speculators cut bets amid concerns over the latest escalation in the US-China trade war, which clouded the demand outlook. US President Donald Trump......

Top News

View all news

TCS iON enters into strategic business partnership with The Training Room

Tata Consultancy Services' (TCS) strategic business unit TCS iON has entered into a strategic business partnership with The Training Room, a leading UK provider of technical training courses and careers......

IGL plans to add 60 CNG stations, give 2 lakh connections in FY19

Indraprastha Gas (IGL) is planning to add a record 60 CNG dispensing stations and give piped cooking gas connections to at least 2 lakh households this fiscal as it steps up efforts to achieve the government's......

RCF to begin work on coal gasification based fertilizer plant at Talcher: Report

Rashtriya Chemicals and Fertilizers (RCF) will reportedly commence work on the coal gasification based fertilizer plant at Talcher in state of Odisha. The company has got approval for equity investment......