Breaking News

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

25-May2018

Crude oil futures trade marginally lower on MCX

Crude oil futures traded marginally lower on MCX, as speculators trimmed their positions as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel the Organization of the Petroleum Exporting Countries (OPEC) since 2017.

The contract for June delivery was trading at Rs 4831.00, down by 0.58% or Rs 28.00 from its previous closing of Rs 4859.00. The open interest of the contract stood at 18203 lots.

The contract for July delivery was trading at Rs 4842.00, down by 0.49% or Rs 24.00 from its previous closing of Rs 4866.00. The open interest of the contract stood at 882 lots on MCX.


Related News

View all news

Crude oil futures trade higher on MCX

Crude oil futures traded higher on MCX as speculators enlarged their positions following firm trend overseas as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries......

Crude oil futures edged higher on Friday

Crude oil futures edged higher on Friday, recovering from recent losses, after upbeat exports data from China and the rally in stock markets helped ease concerns about economic slowdown and allay fears......

Crude oil futures extend losses on Thursday

Extending losses for second straight session, crude oil futures ended lower on Thursday after a data showed US crude stockpiles have risen for a third straight week. Prices also weighted by a global equity......

Top News

View all news

Ashiana Housing wins two awards

Ashiana Housing has won two awards. Realty Plus Awards 2018 has felicitated 'Ashiana Umang' as 'Best Themed Project' and the company's website as the 'Best Real Estate Website of the year'.Ashiana Umang......

Tata Power inaugurates second 'All-women' CRC in Mumbai

Tata Power has inaugurated its second 'All Women' Customer Relations Centre (CRC) in Borivali (East), Mumbai, with an aim to continue providing their talented and highly skilled women employees with new......

McLeod Russel hands over specified assets of eight Tea Estates to M K Shah Exports

McLeod Russel India has handed over the specified assets of the eight Tea Estates of the company to M K Shah Exports.Post completion of due diligence by M K Shah Exports (Buyer) and on compliance of the......