SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.

Crude Oil Updates for 14 Sept 2016

Crude Oil Updates for 14 Sept 2016

Crude oil futures were trading lower in the domestic market on Wednesday as investors & speculators closed positions in the energy commodity as the International Energy Agency (IEA) downgraded its crude oil demand predictions & warned that supply will continue to outpace desired well into 2017.

The IEA in its closely watched monthly report downgraded its global oil desired forecast by about 100,000 barrels a day for this year to growth of 1.3 million barrels a day, & cut its forecast for 2017 by 200,000 barrels to growth of 1.2 million barrels a day.

At the MCX, crude oil futures for September 2016 contract is trading @  Rs 3,026/barrel, downward by 0.23 %, after opening at Rs 3,033, against a last ending of Rs 3,033. It touched the intra-day low of Rs 3,026.

error: Content is protected !!