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.

Today Crude Oil dives on Increasing U.S Oil Machinery

Today Crude Oil dives on Increasing U.S Oil Machinery

Crude oil futures decreased lower in the domestic market on Friday after data showed the number of U.S. oil rigs rose for a sixth successive week.

Prices started moving lower as the upbeat jobs report boosted the U.S. dollar to one-week highs against most of its major complements. Oil prices typically weaken when the U.S. currency strengthens as the dollar-priced commodity becomes more valuable for holders of other currencies.

At the MCX, Crude oil futures for August 2016 contract closed at Rs. 2784/ barrel, fall by 0.93 %, after opening at Rs. 2805, against the previous closing price of Rs. 2810. It affected the intra-day low of Rs. 2755.

2
 
error: Content is protected !!