Breaking News

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

21-May2018

Crude oil futures trade higher on MCX

Crude oil futures traded higher on MCX, as speculators built fresh positions after oil prices rose in Asia in reaction to news that China and the US had put a looming trade war 'on hold'. Further, strong demand amid ongoing supply cuts led by producer cartel Organization of Petroleum Exporting Countries (OPEC) too supported crude oil prices' uptrend.

The contract for May 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 15801 lots.

The contract for June delivery was trading at Rs 4914.00, up by 0.82% or Rs 40.00 from its previous closing of Rs 4874.00. The open interest of the contract stood at 10048 lots on MCX.


Related News

View all news

Crude oil futures settle lower as US supplies climb for a fifth straight week

Crude oil futures settled lower on Thursday after a US government report revealed that domestic supplies climbed for a fifth straight week as production jumped to a record level. The Energy Information......

Crude oil futures end higher Wednesday

Crude oil futures ended higher on Wednesday as signs of tighter global crude supplies outweigh pressure from a continued rise in US production. Nigerian President Muhammadu Buhari is reportedly considering......

Crude oil futures end higher as supplies tighten

Crude oil futures ended higher on Tuesday amid reports of falling Saudi Arabian exports. Crude-oil volumes shipped from major producer Saudi Arabia fell in the first half of February to 6.2 million barrels......

Top News

View all news

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......