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Crude Oil Updates for 2 Nov 2016

Crude Oil Updates for 2 Nov 2016

Crude oil futures ended lower in the domestic market on Tuesday after the American Petroleum Institute reported a 9.3 million-barrel climb in U.S. crude supplies for the week closed Oct. 28.

Analysts polled by S&P Global Platts forecast an increase of 1.9 million barrels in stockpiles.

At the MCX, crude oil futures for November 2016 contract ended at Rs 3109/barrel, downward by 1.40 %, after opening at Rs 3140, against a last close of Rs 3153. It touched the intra-day low of Rs 3096.

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