Breaking News

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

10-Apr2019

Crude oil futures trade tad lower on MCX

Crude oil futures traded marginally lower on MCX as speculators trimmed their positions. Meanwhile, oil prices moved little on overseas markets, supported by supply cuts by producer group OPEC and US sanctions against oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption. The International Monetary Fund (IMF) warned on Tuesday that the global economy was slowing more than expected and that a sharp downturn may be looming.

The contract for April delivery was trading at Rs 4449.00, down by 0.04% or Rs 2.00 from its previous closing of Rs 4451.00. The open interest of the contract stood at 23977 lots.

The contract for May delivery was trading at Rs 4465.00, down by 0.02% or Rs 1.00 from its previous closing of Rs 4466.00. The open interest of the contract stood at 2338 lots on MCX.


Related News

View all news

Crude palm oil futures trade lower on higher arrivals

Crude palm oil futures traded lower on MCX, with the offloading of bets tracking higher arrivals amid hiked imports on account of dip in tariff value. Besides, increased stock piles in warehouses......

Crude oil futures climb for third straight session on Tuesday

Crude oil future settled higher on Tuesday as traders reacted to tougher action against Iran's oil market from the US. Crude's latest rise extends Monday's rally on the heels the US decision to end waivers......

Mentha oil futures fell on muted demand

Mentha oil futures dropped on MCX as speculators trimmed their positions on muted demand from consuming industries at the spot market. Further, expectation of higher production in key areas of Uttar Pradesh......

Top News

View all news

Tata Global Beverages reports 50% fall in Q4 consolidated net profit

Tata Global Beverages has reported results for fourth quarter and year ended March 31, 2019.The company has reported a marginal rise of 0.19% in its net profit at Rs 53.26 crore for the quarter under review......

NIIT Technologies features as leader in NelsonHall NEAT report 2019

NIIT Technologies has been positioned as a 'Leader' in the Overall market segment for RPA and AI in Banking in NelsonHall NEAT report 2019.This NelsonHall Vendor Evaluation & Assessment Tool (NEAT)......

Maruti Suzuki launches New Alto

Maruti Suzuki has launched the New Alto, which has been India's best-selling car for 15 consecutive years. The New Alto is with enhanced safety features and captivating design and now comes with BSVI compliant......