Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Crude oil futures trade higher on firm global cues

18-May2018

Crude oil futures trade higher on firm global cues

Crude oil futures traded higher on MCX, as speculators raised their bets, tracking a firm trend in global markets on strong demand amid ongoing supply cuts led by producer cartel OPEC and looming US sanctions against major crude exporter Iran.

The contract for May delivery was trading at Rs 4869.00, up by 0.77% or Rs 37.00 from its previous closing of Rs 4832.00. The open interest of the contract stood at 18084 lots.

The contract for June delivery was trading at Rs 4891.00, up by 0.74% or Rs 36.00 from its previous closing of Rs 4855.00. The open interest of the contract stood at 6876 lots on MCX.


Related News

View all news

Crude oil futures end higher on Friday

Crude oil futures settled higher on Friday after briefly paring gains, as prices bounced around ahead of meeting of major oil producers in Algiers over the weekend. A report suggesting that major producers......

Crude oil futures trade tad higher on MCX

Crude oil futures traded marginally higher on MCX as participants enlarged their holdings even as it weakened overseas after US President Donald Trump called on the Organization of the Petroleum Exporting......

Crude oil futures end lower on Thursday

After hitting two-month high in previous session, crude oil futures failed to hold momentum and drifted down to end lower on Thursday after President Donald Trump in a tweet called for the Organization......

Top News

View all news

Tijaria Polypipes bags order worth Rs 35.30 crore

Tijaria Polypipes has received a single order of Rs 35.30 crore for supply of HDPE & PLB Ducts from Tata Projects. The same has to be executed within a period of 3 months. The company takes great......

RIL's telecom arm enters into 5 year partnership with Star India

Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) -- has entered into 5 year partnership with India's leading broadcaster, Star India to unleash a new era in sports entertainment. Jio......

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......