Breaking News

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


Crude oil futures end modestly higher on Thursday

Crude oil futures ended with modest gains on Thursday, as calmer heads prevailed in the wake of the U.S. decision to exit the Iran nuclear pact. Various news reports on Thursday said Iranian Oil Minister Bijan Zanganeh told that nothing noteworthy will happen to oil exports after the Iran sanctions. Moreover, a sign of a further rise in U.S. crude stockpiles and a wind-down period ahead of the start to sanctions on Iran also helped to calm concerns about the risks to the flow of crude in the Middle East.

Benchmark crude oil futures for June delivery gained 22 cents or 0.3 percent to settle at $71.36 a barrel on the New York Mercantile Exchange. July Brent crude jumped 26 cents or 0.3 percent to settle at $77.47 a barrel on London's Intercontinental Exchange.

Related News

View all news

Crude oil futures settle higher on Thursday

Extending gains for second straight session, crude oil futures settled higher on Thursday, despite official data from the Energy Information Administration (EIA) showing a bigger than expected increase......

Crude oil futures snap 12-day losing streak on Wednesday

Snapping 12-day losing streak, crude oil futures ended higher on Wednesday amid strengthening signals that the Organization of the Petroleum Exporting Countries (OPEC) and allied producers are considering......

Crude oil futures end significantly lower on global demand concerns

Extending southward journey for 12th straight session, crude oil futures ended significantly lower on Tuesday, as rising output and likely fall in demand for oil due to weak outlook for global economic......

Top News

View all news

Karnataka Bank launches CASA campaign

Karnataka Bank has launched Current & Savings Accounts campaign (CASA) of FY 2018-19 and introduced a new SB scheme 'KBL SB - TASC' a specialized product for Trusts/Associates/Societies/Clubs.Under......

M&M's arm opens manufacturing hub in Bengaluru

Mahindra & Mahindra's (M&M) subsidiary -- Mahindra Electric Mobility has opened its electric technology manufacturing hub set up with an investment of Rs 100 crore in Bengaluru. The plant......

Venus Remedies reports positive result in Phase-3 Clinical Trials for ELORES

Venus Remedies has reported positive Top-Line results in its Phase-3 Clinical Trials for its flagship product ELORES. The results were presented at IDWeek 2018 in San Francisco. IDWeek is an annual scientific......